Barclays analyst Adrienne Yih raised the firm’s price target on American Eagle to $16 from $15 and keeps an Equal Weight rating on the shares. The company posted a Q4 beat and its initial fiscal 2023 guidance, while rightfully conservative, has "shown a promising start to the season against a choppy backdrop," the analyst tells investors in a research note.
Published first on TheFly
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Read More on AEO:
- American Eagle sees FY23 revenue flat to up low-single digits, consensus $4.96B
- American Eagle sees Q1 revenue flat to up low-single digits, consensus $1.07B
- American Eagle reports Q4 adjusted EPS 37c, consensus 30c
- Notable companies reporting after market close
- American Eagle downgraded to Hold from Buy at Jefferies
