American Eagle price target lowered to $13 from $18 at BofA

BofA lowered the firm’s price target on American Eagle (AEO) to $13 from $18 and keeps a Neutral rating on the shares. The company reported Q4 EPS slightly better than expectations, but said sales have slowed at both brands to start Q1 and management guided sales down mid-single digits, reflecting better results at Aerie than American Eagle, the analyst noted. The firm is lowering its FY25 EPS forecast by 20% to $1.44 to reflect lower sales and a reduced margin outlook.