A report from Sterne Agee reiterates its Neutral rating and $15 price target on American Eagle Outfitters AEO.
The report states, “We anticipate AEO will provide Q4 guidance and comment on holiday sales trends to date on the call. AEO appeared to be one of the big winners on Black Friday, as a 40% off promotion up from 20% last year drove massive traffic to stores and long lines at the registers. AEO was slightly less promotional than Abercrombie (ANF-$46.93-NR), which offered 50% off before 9 a.m. and 40% off thereafter, and Aeropostale (ARO-$15.02-Neutral), which offered 50% off plus an extra 20% off (for a total 60% discount).”
AEO closed yesterday at $13.55.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in