B of A Securities Upgrades American Eagle Outfitters to Neutral, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Christopher Nardone upgraded American Eagle Outfitters (AEO) from Underperform to Neutral and increased the price target from $12.5 to $19.
November 15, 2023 | 11:26 am
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POSITIVE IMPACT
American Eagle Outfitters was upgraded by B of A Securities from Underperform to Neutral, with a price target increase from $12.5 to $19.
Upgrades by analysts can lead to increased investor confidence and can result in a positive short term impact on the stock price. The significant raise in price target suggests a more optimistic outlook for AEO's financial performance and market position.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100