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American Eagle Outfitters (AEO) Showing Positive Signs, But Still in Turnaround Mode - Stifel

December 5, 2014 8:57 AM EST

Stifel maintains American Eagle Outfitters (NYSE: AEO) at Hold following Q3 results issued Thursday night.

Analyst Richard Jaffe noted that there were signs of improvement at AEO, but the retailer is still largely in a turnaround phase. The analyst noted the following initial takeaways:

Trends Have Continued into 4Q Trends have continued into 4Q with comps likely declining in the mid-single digits and merchandise margins and average unit retail up vs. LY... More