American Eagle price target raised to $22 from $19 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on American Eagle to $22 from $19 and keeps a Market Perform rating on the shares. The firm is encouraged by American Eagle’s “strong” holiday performance and guidance raise, the analyst tells investors. The holiday period results indicate its products are resonating with key customers and the company’s inventory position continues to improve, Telsey says. However, despite the holiday results and raised guidance, the macro environment remains choppy and its exposure to the mid- to lower-income consumer clouds visibility in the near term, the firm concludes.