Aeropostale (NYSE:ARO) upgraded to Neutral from Underweight, $31 target, at Piper Jaffray. The stock closed yesterday at $25.56 on volume of 2,986,010 shares, below average daily volume of 4,361,526.
Aeropostale is currently above its 50-day moving average of $22.97 and above its 200-day moving average of $24.18.
SmarTrend is bullish on shares of ARO and our subscribers received an Uptrend alert on December 29, 2009 at $22.81, which has returned 12.1% to date.
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Ticker(s): ARO