Citi raised the firm’s price target on American Eagle (AEO) to $23 from $18 and keeps a Neutral rating on the shares. The company reported upside to Q3 estimates on Aerie and both American Eagle’s brands are accelerating in Q4, the analyst tells investors in a research note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
- 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
- Closing Bell Movers: Marvell up 11%, reversing initial earnings selloff