Morgan Stanley Maintains Underweight on American Eagle Outfitters, Raises Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Underweight rating on American Eagle Outfitters (AEO) but raises the price target from $16 to $19.
March 08, 2024 | 5:01 pm
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Morgan Stanley maintains an Underweight rating on American Eagle Outfitters but increases the price target from $16 to $19.
While the Underweight rating suggests a cautious outlook on AEO's stock, the increase in price target from $16 to $19 indicates a slightly more optimistic view of the company's valuation. This mixed signal could lead to neutral short-term price movement as investors digest both the continued caution and the raised valuation target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100