Janney Montgomery Scott upgraded shares of American Eagle Outfitters (NYSE AEO) from a neutral rating to a buy rating in a research note released on Monday morning TheFlyOnTheWall.com reports. They currently have $20.00 target price on the stock up from their previous target price of $17.00.
1) potential for positive inventory and Gross Margin Return on Inventory Investment ( GMROI ) inflections in early 2014 2) stabilizing promotional environment as the sector gets inventory under control for 2H14 and 3) our belief they are best positioned in fashion and value among the three As. the firm s analyst wrote.
AEO has been the subject of a number of other recent research reports. Analysts at Mizuho initiated coverage on shares of American Eagle Outfitters in a research note to investors on Friday November 15th. They set a neutral rating on the stock. Separately analysts at JPMorgan Chase Co. raised their price target on shares of American Eagle Outfitters from $14.00 to $16.00 in a research note to investors on Wednesday November 13th. They now have a neutral rating on the stock. Finally analysts at Thomson Reuters/Verus downgraded shares of American Eagle Outfitters from a hold rating to a sell rating in a research note to investors on Monday November 11th. Two research analysts have rated the stock with a sell rating fifteen have issued a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $17.88.
Shares of American Eagle Outfitters (NYSE AEO) traded up 1.78% during mid day trading on Monday hitting $16.57. The stock had a trading volume of 2 406 043 shares. American Eagle Outfitters has a 52 week low of $13.14 and a 52 week high of $22.63. The stock s 50 day moving average is $15.22 and its 200 day moving average is $16.71. The company has a market cap of $3.194 billion and a price to earnings ratio of 14.72.
American Eagle Outfitters Inc (NYSE AEO) is a specialty retailer that operates in the United Sates and Canada and online at ae.
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