According to Piper Jaffray, Aeropostale ARO Neutral rating is reiterated.
Piper Jaffray said that it is reducing its estimates for Q2 and beyond following the company's negative pre-announcement yesterday. “Neutral Rating; Price Target of $12 based on 9x (unchanged) our FY13E EPS.”
Aeropostale closed yesterday at $12.53.
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