Why American Eagle Stock Was Climbing Today

·1-min read
Why American Eagle Stock Was Climbing Today

Shares of American Eagle Outfitters (NYSE: AEO) were moving higher today after the company got an endorsement from J.P. Morgan. J.P. Morgan analyst Matthew Boss reaffirmed his overweight rating on the retail stock this morning and his price target of $42 after hearing comments from management at a recent conference. American Eagle management said it was on track for 25% compound annual revenue growth from Aerie, its intimates brand.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting