Barclays recommends using the post-earnings selloff in shares of American Eagle as a buying opportunity. American Eagle is set up for significant operating margin inflection in the fall and holiday season, the analyst tells investors in a research note. The firm says the company is “uniquely positioned” to capitalize on denim-based silhouette shift in the second half of 2024. It keeps an Overweight rating on the shares with a $32 price target.
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