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Fly News Breaks for May 9, 2019
AEO
May 9, 2019 | 07:17 EDT
As previously reported, RBC Capital analyst Kate Fitzsimons downgraded American Eagle to Sector Perform with an unchanged price target of $24. The analyst says she remains impressed with the company's comps growth and market share gains, but believes that a 14-times forward earnings multiple on the stock already prices in the growth prospects of Aerie brand. While the company's run of positive comps enters its 5th year, Fitzsimons sees risk-reward on American Eagle shares as "more balanced."
News For AEO From the Last 2 Days
