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Fly News Breaks for December 1, 2016
AEO
Dec 1, 2016 | 08:41 EDT
RBC Capital analyst Brian Tunick calls American Eagle's Q4 guidance "disappointing." However, he continues to expect the company's "more agile positioning" and emphasis on product quality to enable it to gain share. Tunick thinks that the 12% after market decline in the stock was overdone, as he noted that he only reduced his estimates for the company by 4%. Tunick trimmed his price target on the shares to $20 from $21 but keeps an Outperform rating on the stock.
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