American Eagle price target lowered to $15 from $19 at BMO Capital

BMO Capital lowered the firm’s price target on American Eagle (AEO) to $15 from $19 and keeps a Market Perform rating on the shares. The company’s Q4 results topped estimates, but in line with many of its peers, the management noted weaker-than-anticipated quarter-to-date trends, citing soft consumer demand and unfavorable weather, the analyst tells investors in a research note. BMO further contends that much of the recent good news and updated targets for American Eagle are now “well-understood”.