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Fly News Breaks for June 6, 2019
AEO
Jun 6, 2019 | 07:22 EDT
Wedbush analyst Jen Redding lowered her price target for American Eagle to $20 from $25, while reiterating a Neutral rating on the shares. Although Redding continues to remain bullish on American Eagle over the long-term, she now has less conviction in runway for shares in what she views as an increasingly volatile retail environment, until investor visibility into a U.S.-China trade settlement improves.
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