BMO Upgrades Children's Place (PLCE), Downgrades American Eagle (AEO)

An analyst at BMO Capital this afternoon revised investment ratings on several stocks in the Retail space, essentially putting on a pair trade.

The firm upgraded shares of The Children's Place (Nasdaq: PLCE) while at the same time downgrading shares of American Eagle (NYSE: AEO).

BMO now rates Children's Place shares an Outperform, up from Market Perform previously, and now rates AEO shares a Market Perform, down from the prior rating of Outperform.

The firm boosted its price target on shares of Children's Place from $42 to $58 and cut its target on American Eagle from $19 to $15.

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