Market Overview

UPDATE: Jefferies Lowers PT on Aeropostale Following Weak 2Q Results

Related ARO
Mid-Afternoon Market Update: Dow Falls 100 Points; Sarepta Therapeutics Shares Drop Following Release of FDA Briefing Documents on Eteplirsen
Aeropostale's Stock Plunges Following Bloomberg Report Company Is Preparing To Declare Bankruptcy

In a report published Friday, Jefferies analyst Randal J. Konik reiterated a Buy rating on Aeropostale (NYSE: ARO), but lowered the price target from $20.00 to $15.00.

In the report, Jefferies noted, “In what's beginning to feel like deja vu across teen retail this season, ARO slashed expectations for 3Q following a weak 2Q and similar implosions at peers. Traffic declines and a highly competitive environment were to blame, rendering improvements in merchandise null and void for now. We still see opportunity here, but believe mgmt needs to be more aggressive with its strategic initiatives to effect meaningful change. Maintain Buy, PT to $15.”

Aeropostale closed on Thursday at $10.98.

Latest Ratings for ARO

Aug 2015Wolfe ResearchInitiates Coverage onPeer Perform
Jul 2015UBSDowngradesNeutralSell
May 2015Stephens & Co.MaintainsEqual-Weight

View More Analyst Ratings for ARO
View the Latest Analyst Ratings

Posted-In: Jefferies Randal J. KonikAnalyst Color Price Target Analyst Ratings


Related Articles (ARO)

View Comments and Join the Discussion!

Partner Center