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Fly News Breaks for February 3, 2020
AEO
Feb 3, 2020 | 07:47 EDT
Telsey Advisory analyst Dana Telsey downgraded American Eagle to Market Perform from Outperform with a price target of $16, down from $18. Inconsistent performance and accelerating comp declines at the AE brand in 2019 is a concern, Telsey tells investors in a research note. The analyst sees potential for sluggish earnings growth at American Eagle to continue into next year.
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