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AEO

American Eagle

$27.26

0.14 (0.52%)

09:27
08/29/18
08/29
09:27
08/29/18
09:27

Technical Take: American Eagle tumbles after results

The shares were last down over 8.6% following last night's earnings report, with price at $24.93. At that price next support is at $24. Resistance is at $25.53.

  • 29

    Aug

  • 26

    Sep

AEO American Eagle
$27.26

0.14 (0.52%)

08/20/18
DBAB
08/20/18
NO CHANGE
Target $175
DBAB
Buy
Deutsche Bank says 'sticking with' off-price, athletic brands in apparel space
Deutsche Bank analyst Paul Trussell previewed earnings for apparel companies, telling investors in a research note that he is "sticking with" off-price, the brands and athletic brands over specialty retailers and department stores. Trussell expects beats from Burlington Stores (BURL), Ross Stores (ROST), TJX (TJX), PVH (PVH), Foot Locker (FL) and Lululemon (LULU), along with American Eagle Outfitters (AEO) and Buckle (BKE) as the outliers in the specialty group and Kohl's (KSS), and says he is "a bit more cautious" for the frest of his apparel coverage given stretched valuations. Trussell raised his price target for Burlington Stores to $175 from $167, to $96 from $91 for Ross and to $105 from $100 fro TJX, but cut his price target to $171 from $176 for PVH.
08/27/18
WEDB
08/27/18
DOWNGRADE
WEDB
Neutral
American Eagle downgraded to Neutral from Outperform at Wedbush
08/27/18
08/27/18
DOWNGRADE
Target $29

Neutral
American Eagle downgraded to Neutral on valuation at Wedbush
As previously reported, Wedbush analyst Jen Redding downgraded American Eagle (AEO) to Neutral from Outperform, with a $29 price target, on valuation. The analyst remains bullish on American Eagle over the long-term and maintains her beliefs that it is competitively positioned into BTS and the Holiday season. A strong denim season ahead also makes the story a favorite into BTS, she contends, adding that she sees improvement in core categories including apparel and accessories, and inventory management as key catalysts. Further, Redding notes that recent issues that plagued Victoria's Secret (LB) PINK through Q2 may provide an opportunity for American Eagle to gain market share, but also may increase promotional cadence in Aerie's space.
08/27/18
08/27/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. U.S. Steel (X) double downgraded to Underweight from Overweight at Morgan Stanley with analyst Piyush Sood saying steel prices are falling and he believes the recent price peak is "firmly behind" the market. Sood lowered his price target on U.S. Steel shares to $30 from $44. 2. Chipotle (CMG) downgraded to Underperform from Neutral at Wedbush with analyst Nick Setyan saying he sees increased risk to Chipotle's near-term same-store-sales growth and margin expectations, and continues to see risk to margin expectations through 2020. Setyan lowered his price target for the shares to $445 from $450. 3. American Eagle (AEO) downgraded to Neutral from Outperform at Wedbush with analyst Jen Redding citing valuation. 4. Oasis Midstream Partners (OMP) downgraded to Neutral from Overweight at JPMorgan with analyst Jeremy Tonet citing valuation. 5. Hibbett Sports (HIBB) downgraded to Hold from Buy at Canaccord with analyst Camilo Lyon saying he sees higher expense growth and "lackluster" comps dampening the company's growth prospects following Friday's Q2 results. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

PIR

Pier 1 Imports

$1.80

0.045 (2.56%)

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MU

Micron

$46.06

1.01 (2.24%)

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ACXM

Acxiom

$50.28

2.09 (4.34%)

, IPG

Interpublic Group

$22.68

0.315 (1.41%)

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Acxiom

$50.28

2.09 (4.34%)

IPG

Interpublic Group

$22.68

0.315 (1.41%)

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  • 06

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IPCI

Intellipharmaceutics

$2.92

0.15 (5.42%)

17:39
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Syndicate
Breaking Syndicate news story on Intellipharmaceutics »

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NOC

Northrop Grumman

$301.53

-10.71 (-3.43%)

17:30
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Northrop Grumman completes first qualification test of rocket motor in Atlas V »

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YUM

Yum! Brands

$88.96

0.39 (0.44%)

17:28
09/20/18
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17:28
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Yum! Brands analyst commentary  »

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  • 26

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17:25
09/20/18
09/20
17:25
09/20/18
17:25
Conference/Events
SEC to hold an investor roundtable »

Investor Roundtable to…

FSCT

ForeScout

$39.56

1.2 (3.13%)

17:24
09/20/18
09/20
17:24
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17:24
Hot Stocks
ForeScout beneficial owner Amadeus Capital Partners sells $4.6M in shares »

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  • 10

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MU

Micron

$46.06

1.01 (2.24%)

17:23
09/20/18
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17:23
Hot Stocks
Micron says it is seeing CPU shortage »

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CWK

Cushman & Wakefield

$18.00

0.37 (2.10%)

17:21
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Hot Stocks
Cushman & Wakefield arranges $55M sale of a Whole Foods property »

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ACAD

Acadia

$19.08

3.97 (26.27%)

17:17
09/20/18
09/20
17:17
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17:17
Hot Stocks
Acadia issues states affirming positive risk profile of NUPLAZID »

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  • 01

    Oct

UNFI

United Natural Foods

$33.83

0.54 (1.62%)

17:16
09/20/18
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17:16
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17:16
Hot Stocks
United Natural Foods plunges after Q4 margins fall to 14.5% »

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MDXG

MiMedx

$6.18

0.68 (12.36%)

17:15
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17:15
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Hot Stocks
MiMedx announces Nasdaq listing extension »

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  • 09

    Oct

MDXG

MiMedx

$6.18

0.68 (12.36%)

17:15
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Hot Stocks
MiMedx: Previous executive separations to be treated as termination 'for cause' »

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  • 09

    Oct

UTX

United Technologies

$141.91

1.41 (1.00%)

17:11
09/20/18
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17:11
Hot Stocks
United Technologies awarded $2.46B Department of Defense contract modification »

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NEXA

Nexa Resources

$11.89

0.1 (0.85%)

17:10
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Nexa Resources authorizes $30M share buyback program »

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AT

Atlantic Power

$2.15

-0.025 (-1.15%)

17:06
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Atlantic Power to acquire two biomass plants in South Carolina for $13M »

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VNDA

Vanda Pharmaceuticals

$20.00

0.4 (2.04%)

17:05
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  • 01

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WRD

WildHorse Resource

$21.31

-0.12 (-0.56%)

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  • 24

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RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

, RDS.B

Royal Dutch Shell

$68.85

0.56 (0.82%)

17:02
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Periodicals
Shell in discussions to sell $1.3B in Gulf Coast assets, Bloomberg says »

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RDS.A

Royal Dutch Shell

$66.83

0.57 (0.86%)

RDS.B

Royal Dutch Shell

$68.85

0.56 (0.82%)

APC

Anadarko

$63.86

-0.88 (-1.36%)

EQNR

Equinor

$26.45

-0.09 (-0.34%)

CVX

Chevron

$119.46

-0.04 (-0.03%)

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  • 20

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MU

Micron

$46.06

1.01 (2.24%)

17:02
09/20/18
09/20
17:02
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17:02
Earnings
Micron sees Q1 EPS $2.95, +/- 7c, consensus $2.73 »

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AL

Air Lease

$45.80

0.09 (0.20%)

, EADSY

Airbus

$0.00

(0.00%)

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Hot Stocks
Air Lease announces delivery of Airbus A320-200neo aircraft with SKY »

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AL

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$45.80

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EADSY

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$0.00

(0.00%)

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  • 20

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MU

Micron

$46.06

1.01 (2.24%)

16:52
09/20/18
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Hot Stocks
Micron says it achieved record revenue in FY18 »

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  • 20

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PMBC

Pacific Mercantile Bancorp

$9.75

0.025 (0.26%)

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  • 07

    Nov

MU

Micron

$46.06

1.01 (2.24%)

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09/20/18
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