American Eagle price target raised to $28 from $25 at Telsey Advisory

Telsey Advisory raised the firm’s price target on American Eagle (AEO) to $28 from $25 and keeps a Market Perform rating on the shares. The company delivered a “solid holiday update” with growth ahead of the market’s expectations, the analyst tells investors. The firm notes, however, that the brand continues to lag others in the sector by a wide margin and visibility to overall improvement remains challenging.