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Fly News Breaks for September 5, 2019
AEO
Sep 5, 2019 | 07:41 EDT
Cowen analyst Oliver Chen lowered his price target on American Eagle to $17 from $25 citing several factors including a lack of near-term catalysts, investors dislike of apparel/mall-based retailers/tariffs. weather sensitivity, and the competitive promotional environment. Chen maintained his Outperform rating on American Eagle shares as he believes the company is well positioned to take market shares.
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