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
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100