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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
- American Eagle price target raised to $14 from $9 at Barclays
- Cautious Optimism for American Eagle Outfitters Amid Sector Uncertainties
- American Eagle’s Aerie Segment Drives Sustainable Growth and Justifies Buy Rating
- AEO Earnings: America Eagle Stock Soars 25% on Q2 Beat, Reinstates Guidance on Success of Sydney Sweeney Ad
- Closing Bell Movers: Salesforce falls despite Q2 earnings beat