The apparel retailer plans to open more stores, enhance online and mobile marketing, and increase wholesale distribution in Europe and Asia.
Applied Materials is downgraded to 'underperform,' and American Express is initiated with a 'neutral.'
Stocks move in a narrow range, little affected by the day's slew of economic reports.
Garmin is upgraded to 'outperform,' while Harley-Davidson is downgraded to 'neutral.'
Aeropostale and American Eagle can expect a jump in spending on apparel and accessories this fall.
Like the restaurant chain, these momentum stocks could join similar other crash-and-burn stories.
The slowing down of the apparel retailer's European plans is only a near-term solution.
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