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American Eagle Outfitters poised to pounce with Abercrombie & Fitch weak, analyst says

2015-05-27 14:11:17| Apparel - Topix.net

The latest evidence came in a report issued Saturday by Janney Montgomery Scott in which the firm maintained its buy rating of American Eagle stock and raised its price target from $19 a share to $20, according to industry reports. On Tuesday morning after a Memorial Day weekend, American Eagle's stock was trading around $16.40 a share, still below the company's 52-week high of more than $18.00 after the company's first-quarter report announced last week achieved 15 cents per share , beating analysts' estimates.

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