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Fly News Breaks for December 12, 2019
AEO
Dec 12, 2019 | 09:41 EDT
RBC Capital analyst Kate Fitzsimons lowered her price target on American Eagle to $16 and kept her Sector Perform rating after its in-line Q3 earnings and below-consensus Q4 guidance, saying the outlook for downside in comps and margins is driven by execution issues in Tops and subsequent markdown pressures. The analyst adds that her neutral stance is based on the expectation that incremental wins and high-single-digit margins will be "harder to achieve".
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