American Eagle earnings disappoint as inflation hits apparel demand

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Go back to American Eagle earnings disappoint as inflation hits apparel demand

American Eagle Outfitters (AEO) PT Lowered to $11 at Cowen

September 8, 2022 8:39 AM EDT

Cowen analyst Jonna Kim lowered the price target on American Eagle Outfitters (NYSE: AEO) to $11.00 (from $13.00) while maintaining a Market Perform rating.

The analyst commented, "EPS Miss & A Pause on Dividend. In-line revenue but lower-than-expected gross margin led to an EPS miss.... More