Morgan Stanley Maintains Underweight Rating for American Eagle Outfitters: Here's What You Need To Know

Morgan Stanley has decided to maintain its Underweight rating of American Eagle Outfitters AEO and lower its price target from $14.00 to $13.00.

Shares of American Eagle Outfitters are trading down 0.24% over the last 24 hours, at $16.75 per share.

A move to $13.00 would account for a 22.39% decrease from the current share price.

About American Eagle Outfitters

American Eagle Outfitters Inc is an apparel and accessory retailer with company stores in U.S., Canada, Mexico, and Hong Kong. The Company leases all store premises, regional distribution facilities, some of its office space, and certain information technology and office equipment. American Eagle also has an online business that ships worldwide. It operates in two segments: American Eagle and Aerie. The majority of its revenue comes from its primary brand, American Eagle, which offers an assortment of specialty apparel and accessories for women and men. Geographically, it generates the vast majority of its revenue from the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.