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Fly News Breaks for December 1, 2016
AEO
Dec 1, 2016 | 07:51 EDT
Cowen analyst Oliver Chen said weakness in American Eagle following Q3 results is a buying opportunity. The analyst noted its choppy traffic is a reason for caution, but said the long-term building blocks should not be ignored. He is encouraged by continued momentum at aerie, easier comps, and the potential for margin upside. Chen reiterated his Outperform rating and lowered his price target to $19 from $21 on American Eagle shares.
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