Citi analyst Paul Lejuez raised the firm’s price target on American Eagle (AEO) to $15 from $11 and keeps a Neutral rating on the shares. The company posted a Q3 earnings beat on better than expected Aerie comps and gross margin, the analyst tells investors in a research note. Citi is encouraged by the improvements in American Eagle’s business but views the stock’s current risk/reward as balanced.
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