Telsey Advisory raised the firm’s price target on American Eagle (AEO) to $25 from $18 and keeps a Market Perform rating on the shares. The company delivered “impressive” Q3 results, confirming signs of stabilization and recovery first presented in Q2, the analyst tells investors. The firm notes it is looking for the company to demonstrate continued momentum, even after the buzz from recent celebrity marketing campaigns fades.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AEO:
