Raymond James initiated coverage of American Eagle (AEO) with a Market Perform rating. The firm likes American Eagle’s long-term drivers across the American Eagle brand and especially for Aerie, which is in the early to moderate innings of growth, but views the risk/reward as balanced and is seeking better visibility on upside potential to expectations as sales growth slows and demand becomes choppier, the analyst tells investors in a research note. The firm sees shares being range-bound until the market gains confidence in an acceleration.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
- American Eagle price target lowered to $15 from $17 at Morgan Stanley
- American Eagle price target lowered to $22 from $26 at Barclays
- American Eagle falls -14.0%
- Dollar General reports mixed Q3, American Air raises Q4 outlook: Morning Buzz
- American Eagle price target lowered to $20 from $23 at Telsey Advisory