BofA raised the firm’s price target on American Eagle (AEO) to $18 from $11 and keeps an Underperform rating on the shares after the company reported “a robust start to the holiday selling season.” However, the firm thinks the current valuation limits potential upside from here, the analyst tells investors in a post-earnings note.
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Read More on AEO:
- American Eagle price target raised to $23 from $18 at Citi
- Cautious Outlook on American Eagle: Valuation Concerns and Cost Pressures Drive Sell Rating
- American Eagle price target raised to $20 from $14 at Barclays
- American Eagle upgraded to Neutral from Underweight at JPMorgan
- American Eagle Outfitters Reports Record Revenue Growth