Selloff in American Eagle Outfitters (AEO) "Overdone" - Janney
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Price: $20.10 -1.86%
Rating Summary:
17 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
17 Buy, 9 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade AEO Now!
Today analysts at Janney reiterated a Buy rating and price target of $26.00 on American Eagle Outfitters (NYSE: AEO).
Analyst Adrienne Tennant defended the stock, claiming the selloff was overdone.
“We remain confident that AEO will continue to be a [back-to-school] winner this fall. We do point out that ANF has been very aggressive season-to-date with its denim promotions (but actually less deep than last year), with $20 and up denim at Hollister and ‘Up to 50% denim’ off at Abercrombie adult.”
“We believe the selloff in the stock is overdone, as there is a long runway ahead in the quarter, and we continue to believe AEO’s product is extremely well-positioned for the heart of the BTS selling season. We would use weakness as an opportunistic entry point on shares,” stated today’s report.
For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.
Shares of American Eagle Outfitters closed at $21.47 yesterday, with a 52 week range of $10.00-$21.53.
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Analyst Adrienne Tennant defended the stock, claiming the selloff was overdone.
“We remain confident that AEO will continue to be a [back-to-school] winner this fall. We do point out that ANF has been very aggressive season-to-date with its denim promotions (but actually less deep than last year), with $20 and up denim at Hollister and ‘Up to 50% denim’ off at Abercrombie adult.”
“We believe the selloff in the stock is overdone, as there is a long runway ahead in the quarter, and we continue to believe AEO’s product is extremely well-positioned for the heart of the BTS selling season. We would use weakness as an opportunistic entry point on shares,” stated today’s report.
For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.
Shares of American Eagle Outfitters closed at $21.47 yesterday, with a 52 week range of $10.00-$21.53.
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