UBS raised the firm’s price target on American Eagle (AEO) to $31 from $22 and keeps a Buy rating on the shares. The company’s solid report increases UBS’s Buy rating conviction, the analyst tells investors in a research 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
