Janney Capital Defends American Eagle Outfitters (AEO)
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Price: $17.97 +1.41%
Rating Summary:
12 Buy, 24 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
Rating Summary:
12 Buy, 24 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 33 | Down: 45 | New: 4
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This morning American Eagle Outfitters, Inc. (NYSE: AEO) reported Holiday sales and comps that disappointed investors. However, analysts at Janney Capital defended the stock.
"Although results were in line with management expectations, we believe the Street was looking for modest upside," said analyst Adrienne Tennant.
"We believe November comps were in the positive low-single-digit range, while December improved, and we expect that comps were in the positive mid-single-digit range, largely driven by strength after the Christmas holiday," added Tennant.
She believes American Eagle is on the right track with its spring fashion trends.
Janney Capital has a Buy rating on American Eagle Outfitters (NYSE: AEO) with a modified price target of $25.00 (from $26.00).
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 $20.63 yesterday.
"Although results were in line with management expectations, we believe the Street was looking for modest upside," said analyst Adrienne Tennant.
"We believe November comps were in the positive low-single-digit range, while December improved, and we expect that comps were in the positive mid-single-digit range, largely driven by strength after the Christmas holiday," added Tennant.
She believes American Eagle is on the right track with its spring fashion trends.
Janney Capital has a Buy rating on American Eagle Outfitters (NYSE: AEO) with a modified price target of $25.00 (from $26.00).
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 $20.63 yesterday.
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