Teen Clothing Retailers Are Getting Smacked By Inflation, And This Analyst Has A Dire Prediction For One


American Eagle Outfitters Inc. shares are under pressure Thursday as analysts slash price targets on the stock following the company’s weak earnings results and forecast for continued margin pressures.

Telsey Advisory Group trimmed its price target the least, cutting its 12-month forecast from $15 to $13. In a note to clients Thursday, Telsey said American Eagle’s second-quarter results are reflective of ongoing macro and inflationary pressures that continue to negatively impact both the company and its customers.

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