American Eagle price target lowered to $19 from $22 at Jefferies

Jefferies lowered the firm’s price target on American Eagle (AEO) to $19 from $22 and keeps a Hold rating on the shares. Second Measure data for American Eagle has been “pressured,” with adjusted observed sales down 2.9% and American Eagle brand adjusted observed sales down 3.1%, says the analyst, who lowered numbers “slightly” as a result.