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News Breaks | | | | March 13, 2013 | | 10:05 EDT |  | ARO | Aeropostale should be bought ahead of results, analyst says
Apparel retailer Aeropostale (ARO) is climbing after Jefferies analyst Randal Konik recommended buying the stock ahead of the company’s Q4 results tomorrow in a note to investors earlier today. The company will report bad results when it announces its fourth quarter earnings tomorrow, but that "news" is already priced into the stock, since the retailer previously reported that its same-store sales sank 8% during the holiday season, Konik wrote. The analyst, however, expects the stock to be boosted by imminent announcements of share buybacks and store closures. Furthermore, Konik believes that expectations for Aeropostale's first quarter and full year results are already low enough, and he thinks the stock's valuation is attractive. The analyst maintained an $18 price target and Buy rating on the shares, which rose 1% to $14.20 in early trading. | |
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News For ARO From The Last 14 Days Check below for free stories on ARO the last two weeks. |
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