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Stock Market & Financial Investment News

News Breaks
January 2, 2014
10:54 EDTAEO, URBN, ARO, ANFAmerican Eagle, Urban Outfitters rally following upgrade
Teen retailers American Eagle Outfitters (AEO) and Urban Outfitters (URBN) are rising this morning after both were upgraded to Buy from Hold at Jefferies. WHAT'S NOTABLE: Jefferies said American Eagle and Urban Outfitters are its "top two" picks among specialty store retailers for this year. At American Eagle, Jefferies believes the company's management team is well-prepared to restore brand momentum, as well as drive margin and earnings recovery against easy comparisons. The firm sees American Eagle as "the most relevant" teen brand. As for Urban Outfitters, Jefferies upgraded the stock due to margin expansion potential and sees "significant" potential across its channels, especially direct-to-consumer. The firm has a $19 price target on American Eagle and a $54 price target on Urban Outfitters. OTHERS TO WATCH: Also this morning, Jefferies downgraded teen retailers Aeropostale (ARO) and Abercrombie & Fitch (ANF) to Hold from Buy. For Aeropostale, Jefferies cited the company's longer than expected turnaround. The firm noted increasing competition and a lack of management succession plan in its downgrade of Abercrombie. PRICE ACTION: In mid-morning trading, American Eagle was up about 3% to $14.82, while Urban Outfitters rose nearly 4% to $38.51. Meanwhile, Aeropostale was down about 1% and Abercrombie & Fitch fell about 1.5%.
News For AEO;URBN;ARO;ANF From The Last 14 Days
Check below for free stories on AEO;URBN;ARO;ANF the last two weeks.
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April 24, 2014
09:32 EDTURBNUrban Outfitters management to meet with Oppenheimer
Store tour and group luncheon will be held in Brooklyn, NY on April 24 hosted by Oppenheimer.
April 22, 2014
13:18 EDTANF, AROAbercrombie & Fitch and Aeropostale mentioned positively at ITG Research
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April 21, 2014
05:57 EDTANFStocks with implied volatility movement; RSH ANF
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April 19, 2014
20:23 EDTANFAbercrombie & Fitch to open over 100 stores in China, China Daily says
Abercrombie & Fitch plans to open over 100 stores in China over the next ten years under under its A&F and Hollister brands, says China Daily, citing an interview with SVP of marketing Craig Brommers. Reference Link
April 11, 2014
13:36 EDTANF, AEOGap falls after experiencing sharp decline in March SSS
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09:04 EDTAROAeropostale price target lowered to $5 from $7.50 at BofA/Merrill
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