Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Markets & Finance

Wachovia Lowers Aeropostale to 'Market Perform'

Wachovia downgraded Aeropostale (ARO) to market perform from outperform.

Analyst Joseph Teklits says though he continues to believe in the growth prospects of Aeropostale, he sees shares as vulnerable to significant comparison deceleration from July. Given that he believes the stock can trade up to $30-$33 in 9 to 12 months, he says the short term risk/reward profile is pushing him to a more neutral stance.

Teklits fears there's growing sentiment among investors that because comparison decelerated as fiscal 2003 progressed, they are easier in the second half of fiscal 2004. Teklits thinks other measures, likes sales per sqare foot, productivity history, and inventory commitments, need to be taken into account.

blog comments powered by Disqus