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Fly News Breaks for November 3, 2015
AEO
Nov 3, 2015 | 09:18 EDT
Piper Jaffray analyst Neely Tamminga upgraded American Eagle to Overweight after the company acquired the Tailgate brand and said Q3 will produce a 9% comparable-store sales gain and earnings of 34c. Tamminga believes American Eagle will continue to see momentum as a "go-to destination for denim." The analyst calls Tailgate a "small, but relevant brand among the college-aged consumer." She raised her price target for shares to $21 from $20. The
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