Morgan Stanley Maintains Underweight on American Eagle Outfitters, Lowers 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 reduced the price target from $14 to $13.
November 24, 2023 | 1:00 pm
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Morgan Stanley analyst maintains an Underweight rating on AEO and lowers the price target to $13, indicating a bearish outlook.
The reduction in price target by a major financial institution like Morgan Stanley suggests a negative outlook on the company's stock performance in the short term. This could lead to a decrease in investor confidence and a potential drop in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100