American Eagle price target raised to $25 from $22 at Telsey Advisory

Telsey Advisory raised the firm’s price target on American Eagle to $25 from $22 and keeps a Market Perform rating on the shares. The company reported a “strong” finished to FY23, with both revenue and gross margin expansion ahead of expectations, the analyst tells investors. The firm is encouraged to see momentum across its key brands but believes the macro environment remains relatively choppy and the company’s exposure to mid-to-lower consumers will likely remain pressured.