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In a report published Monday, Sterne Agee Group reiterated its Neutral rating on Aeropostale
ARO.
Sterne Agee noted, “While we expect Q3 results at ARO to be in line, our checks of weekend sales suggest a less robust start to holiday than the peer group and we believe Q4 guidance may fall below consensus views as a result. Our Q4 estimate is $0.47 compared to the $0.54 consensus. Last year ARO earned $0.44.”
Aeropostale closed on Friday at $14.45.
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