Barclays Maintains Overweight on American Eagle Outfitters, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih maintains an Overweight rating on American Eagle Outfitters (NYSE:AEO) but lowers the price target from $32 to $26.

August 30, 2024 | 3:02 pm
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Barclays maintains an Overweight rating on American Eagle Outfitters but lowers the price target from $32 to $26, indicating a more cautious outlook.
The maintenance of an Overweight rating suggests continued confidence in AEO's performance, but the lowered price target indicates a more cautious outlook, likely due to market conditions or company performance. This could lead to a short-term negative impact on the stock price as investors adjust expectations.
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