Jefferies Boosts Price Target on American Eagle Outfitters (AEO) to $25

Jefferies boosted its price target on American Eagle Outfitters (NYSE: AEO) from $23 to $25 after meetings with the company's new CEO, Robert Hanson.

The firm comments, "After hosting meetings with the company's new CEO, Robert Hanson, in Boston, we came away with even greater confidence in the AEO story. Improving sales trends, rising margins and returns, strengthening cash flow, and upward earnings revisions should drive the shares higher. Risk/reward is very compelling."

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 $17.55 yesterday.

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