Aeropostale (ARO) NewsBite - Aeropostale Price Target Lifted

Posted on Friday, September 05, 2008 2:05 PM

Aeropostale (NYSE: ARO) opened at $34.80. So far today, the stock has hit a low of $34.55 and a high of $35.38. ARO is now trading at $35.07, down $0.02 (-0.06%). The stock hit its 52-Week high of $37.40 in August and set its 52-Week low of $18.29 in September. Aeropostale shares have been relatively flat today after a Wedbush Morgan analyst raised his price target on the stock to $40 from $39. Technical indicators for the stock are neutral and S&P gives ARO a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on ARO the stock seems like it could be a candidate for a September out-of-the-money bull-put credit spread below the 30 range. [ABR-Seven Summits Strategic Investments NewsBite]