American Eagle: Jefferies still a buyer
(CercleFinance.com) - On Thursday a Jefferies analyst confirmed a "buy" rating on the share of American Eagle Outfitters, with a target price of 20 dollars (49% upside).
"2Q reinforces our expectation for AEO to continue to gain share, with trends in reopened stores better than peers, healthy digital growth, and solid margins," the broker said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"2Q reinforces our expectation for AEO to continue to gain share, with trends in reopened stores better than peers, healthy digital growth, and solid margins," the broker said.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.