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report was consistent with its pre-announcement, Q2 results were guided well below consensus and FY25 guidance remains withdrawn.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
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