JPMorgan upgraded American Eagle (AEO) to Neutral from Underweight with a price target of $20, up from $14. The company reported a “beat and raise” Q3 as Aerie’s growth inflected to double-digit comps, the analyst tells investors in a research note. The firm now sees American Eagle’s revenue growth stabilizing at 3%.
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:
- American Eagle Outfitters Reports Record Revenue Growth
- Closing Bell Movers: Marvell up 11%, reversing initial earnings selloff
- AEO Earnings: American Eagle’s Stock Soars 15% on Strong Financial Results and Bullish Guidance
- American Eagle reports Q3 EPS 53c, consensus 44c
- American Eagle raises Q4 operating income view to $155M-$160M from $125M-$130M