American Eagle price target raised to $14 from $9 at Barclays

Barclays raised the firm’s price target on American Eagle (AEO) to $14 from $9 and keeps an Underweight rating on the shares. The company’s Q2 results topped estimates on unexpected gross margin expansion, the analyst tells investors in a research note. The firm says American Eagle’s two large-scale successful marketing campaigns with Taylor Swift and Travis Kelce are “driving the surge.”