UPDATE: Goldman Sachs Initiates Aeropostale at Neutral on Competitive Pressures

Loading...
Loading...
Goldman Sachs initiated coverage on Aeropostale
ARO
with a Neutral rating and a $14 price target. Goldman Sachs noted, "ARO was a share beneficiary in 2008 when the economy was under pressure and consumers traded down to more value-oriented price points. Since then, continued competitive pressures have eroded ARO's value proposition, putting them in a difficult spot in our view. Teen retail one of the most competitive sectors amongst our coverage – 2011 proved to be extremely promotional in teen retail and while competitive pressures have abated somewhat in 2012, we still see potential long-term challenges as key competitors struggle to recover full-priced sales." Aeropostale closed at $13.76 on Monday.
Posted In: Analyst ColorInitiationPre-Market OutlookAnalyst RatingsGoldman Sachs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...