Brean upgrades Aeropostale

|By:, SA News Editor

Aeropostale (ARO -0.3%) gets a rare upgrade after analysts blasted the stock Friday following the company's dismal Q2 report.

Brean's Eric Beder moves ARO to Neutral from Sell, saying enough is enough after a 40% decline since the beginning of May.

Beder sees little utility in remaining negative on the shares and believes "the stock will now be range bound (at best) until the Holiday season."