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Fly News Breaks for December 12, 2019
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".
News For AEO From the Last 2 Days
Feb 18, 2020 | 10:33 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. TESLA TARGETS RAISED... To see the rest of the story go to See Story Here
Feb 18, 2020 | 10:15 EST
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PBF Energy (PBF) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying while the company's Q4 results came in ahead of expectations, he is concerned about PBF's lack of free cash flow generation power through the cycle. 2. Kontoor Brands (KTB) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying the coronavirus will weigh on Lee brand sales in China and impede the planned Q1 Wrangler China launch. 3. Walker & Dunlop (WD) downgraded to Market Perform from Outperform at JMP Securities with analyst Steven Delaney saying the rating change is not a reflection of the company's past or expected performance, but after a 15.3% run-up in the stock price since its Q4 earnings beat and dividend hike earlier this month, he sees shares as "fairly valued." 4. American Eagle (AEO) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees downside risk to the company's sales, traffic, and promotions. 5. Emerson (EMR) downgraded to Sector Perform from Outperform at RBC Capital with analyst Deane Dray saying the discussion at the company's analyst meeting last week "postpones" his bull case calling for a breakup, with Emerson now entering a "cost reset" mode that focuses more on restructuring than growth strategy. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.