Wedbush Lowers Aeropostale PT to $19, Maintains Neutral

Wedbush lowered its Aeropostale ARO price target from $20 to $19 in and maintained its Aeropostale Neutral rating in a research report published today. In the report, Wedbush states, "While we believe our Q2 forecasts have appropriately reflected the intense competitive landscape and mixed sales and conversions due to mediocre assortments at ARO, we believe our H2 and F12 estimates are too optimistic given the current sales momentum and concerns about the company's ability to deliver a compelling BTS/Fall collection." Shares of Aeropostale were trading at $17.61 at the time of posting, up 0.11% from Tuesday's market close.