Barclays analyst Adrienne Yih upgraded American Eagle (AEO) to Equal Weight from Underweight with an unchanged price target of $19. The company saw a “big jump” in its promotion score in Q1, by a “near-perfect” Aerie quarter, the analyst tells investors in a research note. Barclays expects a positive sales-to-inventory inflection in Q1 for American Eagle. It believes brand heat is improving at Aerie and Offline.
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