Jefferies Maintains Hold Rating on Aeropostale (ARO)

Jefferies maintains its Hold rating on Aeropostale ARO following in-line 3Q10 results due to weak 4Q guidance. In a note to clients, Jefferies writes, "ARO guided 4Q EPS of 94-96c, below the Street's expectation of $1.03. This EPS guidance is also down YoY for the first time in three years, which is likely to weigh down on the stock in the near term." ARO closed yesterday at $26.80.