UPDATE: BMC Upgraded Aeropostale to Buy, New PT at $16

BMC upgraded its rating on Aeropostale (NYSE: ARO) from Hold to Buy. At the same time, the rating agency has modified its price target to $16. On Monday, ARO closed the day at $11.79. Its shares added 1.44% to its value in today's pre-market trading to stand around $11.96.