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Fly News Breaks for January 16, 2019
AEO
Jan 16, 2019 | 07:28 EDT
UBS analyst Jay Sole believes American Eagle's Aerie brand is the most underappreciated growth brand in Softlines. He expects the brand to become a $2B brand from its current $700M today and he believes the American Eagle brand is much stronger than the market realizes. Sole said American Eagle is very inexpensive and he reiterated his Buy rating and $28 price target on the shares.
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