Telsey Advisory lowered the firm’s price target on American Eagle (AEO) to $18 from $20 and keeps a Market Perform rating on the shares. The company delivered a solid holiday update, with comparable growth quarter-to-date ahead of expectations, the analyst tells investors. While American Eagle remains a key shopping destination, the firm remains cautious heading into FY25 given the competitive landscape and overall macro challenges.
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 Boosts Q4 Profit Outlook and Returns
- American Eagle lowers Q4 revenue view to down 5% from down 4%
- American Eagle put volume heavy and directionally bearish
- American Eagle price target lowered to $20 from $23 at JPMorgan
- American Eagle call volume above normal and directionally bullish