Jefferies Reiterates Buy on American Eagle Outfitters (AEO) After Investor Meetings
Get Alerts AEO Hot Sheet
Rating Summary:
14 Buy, 18 Hold, 3 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Join SI Premium – FREE
Jefferies reiterates a Buy rating and $23.00 price target on American Eagle Outfitters (NYSE: AEO) following an investor dinner. Analyst Randal Konik says AEO's focus on brand evolution and product enhancement is starting to pay real dividends as customers respond favorably.
Konik commented, "On the heels of AEO's encouraging 1Q earnings, we hosted an investor dinner with AEO management in NYC. We came away with more conviction that this is a company with business momentum, brand stability, and process improvements driving efficiencies throughout the organization. Taken together, we view this as a compelling story of accelerating fundamentals with an upwards earnings bias. Reiterate Buy rating."
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 $16.90 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Midday movers: RH, Estee Lauder rise; Tesla falls
- Recruit Holdings Co., Ltd (6098:JP) (RCRUY) PT Raised to JPY7,800 at Jefferies, 'emerged stronger since the last earnings season'
- Morgan Stanley Downgrades China Jinmao Holdings Group Limited (817:HK) (CJNHF) to Equalweight
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Jefferies & Co, Earnings, Randal KonikSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!