American Eagle price target raised to $15 from $12 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on American Eagle to $15 from $12 and keeps a Market Perform rating on the shares. The company announced better than expected preliminary Q2 results and the planned departure of longtime Chief Operations Officer, Michael Rem, the analyst tells investors in a research note. The firm is encouraged by the better than expected Q2 results, particularly as other retailers have noted further deceleration in June.