Piper Jaffray Maintains Overweigh Rating On American Eagle Outfitters (AEO)

Analysts at Piper Jaffray have released an update on American Eagle Outfitters AEO. Analysts say that in order to prevent its shares from declining, American Eagle Outfitters will have to demonstrate better contribution margins on a sustained level of sales increases. The company’s operating expenses have grown at a rate faster than sale in each of the last 10 quarters. Analysts at Piper Jaffray have reiterated their Overweight rating for American Eagle Outfitters. The price target for the company has been maintained at $22.