Loading...
Loading...
In a report published Friday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Underweight rating and $2.00 price target on
Aeropostale Inc.ARO.
In the report, Morgan Stanley noted, "We think it is unlikely ARO can earn a profit again. Mgmt is hoping for a 2H15 top-line turnaround, but we remain skeptical ARO can turn the tide after 10 consecutive quarters of negative SSS. We see 46% stock price downside to our $2 price target."
Aeropostale Inc. closed on Thursday at $3.70.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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!
Already a member?Sign in