Morgan Stanley Maintains Underweight on American Eagle Outfitters, Lowers Price Target to $13- REPORT RELEASED ON 22 NOVEMBER 2023
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 | 1:13 pm
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Morgan Stanley has reaffirmed its Underweight rating on American Eagle Outfitters and decreased the price target from $14 to $13, indicating a bearish outlook on the stock.
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 potentially result in a downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100