Mizuho Securities maintained a Neutral rating on American Eagle Outfitters (NYSE: AEO), and cut the price target to $16.00 (from $18.00), following the company's in-line Holiday comps. Mizuho believes that the results may fall short of investor expectations, and seed concerns regarding upside in the face of more difficult FY16 compares ahead.

Analyst Betty Chen commented, "We have moderated our FY16 estimates and lowered out PT to $16 (from $18) as AEO’s in-line Holiday comps may fall short of investor expectations and seed concerns regarding upside in the face of more difficult FY16 compares ahead. While we continue to believe AEO is the best positioned teen retailer with solid merchandise offering and clean inventory, we fear the company may be unable to lap its strong AUR performance in FY15. Moreover, macro challenges including sluggish traffic and heavy competition within the space could present additional headwinds."

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Shares of American Eagle Outfitters closed at $15.88 yesterday.