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Jefferies Reiterates Buy on American Eagle Outfitters (AEO) After Investor Meetings

June 11, 2015 7:12 AM EDT
Get Alerts AEO Hot Sheet
Price: $25.79 +2.59%

Rating Summary:
    14 Buy, 18 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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.



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