Market Overview

UPDATE: JP Morgan Cuts PT to $13 on Aeropostale on Reduced Guidance

Share:

JP Morgan reiterated its Neutral rating on Aeropostale (NYSE: ARO) and reduced its price target from $14.00 to $13.00.

JP Morgan commented, "[A]lthough ARO is seeing measured success, the ultimate progress remains a work in progress. As such, we will continue to monitor the company's execution for signs of an ability to drive greater reg price sell-through as they continue their move to become more of a fashion retailer and less of a basics retailer. However, in the interim, with volatile trends and still room for sales productivity to decline from $540/ft, we choose to remain sidelined until there is greater clarity around their ability to turn the business into more of a fashion resource for its core customer."

Aeropostale closed at $12.38 on Friday.

Latest Ratings for ARO

DateFirmActionFromTo
Aug 2015Wolfe ResearchInitiates Coverage onPeer Perform
Jul 2015UBSDowngradesNeutralSell
May 2015FBR CapitalMaintainsMarket Perform

View More Analyst Ratings for ARO
View the Latest Analyst Ratings

 

Related Articles (ARO)

View Comments and Join the Discussion!

Posted-In: JP MorganAnalyst Color Price Target Intraday Update Analyst Ratings

Latest Ratings

StockFirmActionPT
PECFRAMaintains8.0
HUNCFRAUpgrades16.0
CCCFRADowngrades11.0
VOYAPiper SandlerMaintains58.0
PRUPiper SandlerMaintains64.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com