KeyBanc downgrades Aeropostale, Inc. (NYSE: ARO) to Hold.

KeyBanc analyst says, "Aeropostale is up 110% (vs. S&P 500 up 12% over the same timeframe) since our January 6, 2009, initiation at BUY; we move to the sidelines. While we are reticent to move to the sidelines on the heels of a disappointing +3% October comp, we are taking a more conservative view on our coverage space and believe that ARO is in a strong long-term competitive position, we see opportunities elsewhere. Within our coverage universe, our top picks remain Gap, Inc. (NYSE: GPS), Nordstrom, Inc. (NYSE: JWN) and American Apparel (NYSE: APP)."