Morgan Stanley Maintains Underweight on American Eagle Outfitters, Raises Price Target to $13
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger has maintained an Underweight rating on American Eagle Outfitters (NYSE:AEO) and raised the price target from $12 to $13.
September 08, 2023 | 2:02 pm
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Morgan Stanley has maintained an Underweight rating on American Eagle Outfitters and raised the price target from $12 to $13.
The Underweight rating maintained by Morgan Stanley suggests that the firm believes AEO's stock may underperform compared to other stocks. However, the increase in price target from $12 to $13 indicates a slightly more positive outlook on the stock's future performance. This mixed signal could lead to short-term uncertainty and potential downward pressure on the stock price.
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IMPORTANCE 80
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