Morgan Stanley analyst Alex Straton lowered the firm’s price target on American Eagle (AEO) to $10 from $11 and keeps an Equal Weight rating on the shares. Stock is likely to be range-bound at a depressed valuation until there is more clarity on the go-forward strategy, the analyst tells investors after the company’s formal Q1 report was consistent with its pre-announcement, Q2 results were guided well below consensus and FY25 guidance remains withdrawn.
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Read More on AEO:
- American Eagle Stock: Hold Rating Amidst Uncertain Outlook and Margin Pressures
- American Eagle’s Financial Struggles and Uncertain Outlook Justify Hold Rating
- American Eagle Faces Financial Challenges Amid Inventory Write-Down and Tariff Impacts, Justifying Hold Rating
- Closing Bell Movers: Gap down 15%, Elastic off by 11% on earnings
- American Eagle reports Q1 EPS (29c), consensus (22c)
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