Jefferies raised the firm’s price target on American Eagle (AEO) to $17 from $11 and keeps a Hold rating on the shares following a “strong Q2 EPS beat” that was driven by lower promos, spending discipline, and improved sell-throughs. Celebrity campaigns could fuel continued traffic and new customer acquisition into the back half of the year, but tariffs and inventory cost inflation are still headwinds, the analyst tells investors.
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