Wells Fargo Lowers Estimates On Aeropostale And American Eagle (ARO, AEO)

In a quick note this morning, analysts at Wells Fargo Securities said that they are "lowering estimates across the board," on American Eagle AEO and Aeropostale AEO. Their valuation range for AEO is $12-$14. For ARO it is $25-$27. During Friday's trading session, AEO shares have slumped 2.65% to $12.50 and ARO shares have lost 2.40% to $25.26.