Morgan Stanley Maintains Underweight on American Eagle Outfitters, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley has maintained its Underweight rating on American Eagle Outfitters (NYSE:AEO) and lowered the price target from $19 to $18.
May 30, 2024 | 5:49 pm
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Morgan Stanley has maintained its Underweight rating on American Eagle Outfitters and lowered the price target from $19 to $18, indicating a bearish outlook.
The Underweight rating and lowered price target from a major financial institution like Morgan Stanley suggest a negative outlook for American Eagle Outfitters. This could lead to a decrease in investor confidence and a potential short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100