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Fly News Breaks for August 30, 2018
AEO
Aug 30, 2018 | 09:29 EDT
Jefferies analyst Janine Stichter says that while American Eagle's Q2 results were "strong," with comp and margin upside, the company's guidance and elevated spending may give investors pause in the near term. The analyst, however, recommends buying the shares, especially given the pullback. She expects American Eagle's "strong" fundamentals to continue and that its and current investments in marketing/payroll to yield long-term benefits. Stichter lowered her price target for the shares to $31 from $33 and reiterates a Buy rating on the shares.
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