Citigroup Maintains Neutral on American Eagle Outfitters, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has maintained a Neutral rating on American Eagle Outfitters (NYSE:AEO) and increased the price target from $18 to $19.
November 15, 2023 | 6:23 pm
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POSITIVE IMPACT
Citigroup has maintained a Neutral rating on American Eagle Outfitters and raised the price target from $18 to $19, indicating a potential upside from the previous target.
The increase in price target by Citigroup reflects a positive adjustment in the valuation of American Eagle Outfitters, which could lead to increased investor confidence and a potential short-term uplift in the stock price. However, the Neutral rating suggests that the analyst sees limited upside potential or remaining risks that prevent a more bullish stance.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100