American Eagle Outfitters on watch ahead of investor day event

Seeking Alpha

Telsey Advisory Group lifts its price target on American Eagle Outfitters (NYSE:AEO) ahead of Thursday’s Investor Day event.

Analyst Dana Telsey: “Over the past two quarters, the aerie business has impressed with accelerating sales growth despite COVID disruptions as both its product offering and market positioning are well-suited for the current environment. While improved from the second quarter, however, the AE business continued to lag in 3Q20, with sales declining double-digits for the third consecutive quarter.

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