TD Cowen lowered the firm’s price target on American Eagle to $16 from $20 and keeps a Hold rating on the shares. The firm expects Q4 beats across specialty retail but says guidance will likely be conservative. TD likes the setup for Bath & Body Works (BBWI) and says American Eagle’s (AEO) inexpensive valuation combined with a long-term financial update expected on earnings could be a positive catalyst.
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Read More on AEO:
- American Eagle downgraded to Equal Weight from Overweight at Barclays
- American Eagle upgraded to Equal Weight from Underweight at Morgan Stanley
- American Eagle price target lowered to $18 from $21 at BofA
- American Eagle price target lowered to $18 from $20 at Telsey Advisory
- American Eagle Boosts Q4 Profit Outlook and Returns