Jefferies Comments on 2Q at Aeropostale

Jefferies has published a research report on Aeropostale ARO during these tough macro times. In the report, Jefferies wrote, "Following its recent pre-announcement, ARO reported 2Q adj. EPS of ($0.01), slightly above JEF/Cons of ($0.03). 3Q outlook of 15c EPS came in below consensus. We believe market conditions will continue to remain challenging for ARO over the next 6 months, but are now priced into the stock (see our upgrade note from Underperform to Hold rating on 8/16/11)." Jefferies rated Aeropostale a HOLD with a price target of $12.00. Aeropostale closed Thursday at $12.49.