Cowen Remains Bullish on American Eagle Outfitters (AEO) Following Management Meetings in London

Cowen reiterated an Outperform rating and $20.00 price target on American Eagle Outfitters (NYSE: AEO) following London management meetings. AEO currently operates 3 stores in the UK, and Cowen believes could reach 40+ locations over time by adding 10-15 owned stores/yr.

Analyst Oliver Chen commented, "Reit. Outperform on combo of traffic upside oppty, given sector-best denim execution, clear boho brand aesthetic & L-T growth drivers (Intl, aerie, digital, & omni inventory). Encouraged by outfitting success in women's across multiple top styles & winning bottoms, positive reception of men's & healthy comp composition of +AUR."

For an analyst ratings summary and ratings history on American Eagle Outfitters click here. For more ratings news on American Eagle Outfitters click here.

Shares of American Eagle Outfitters closed at $15.71 yesterday.

You May Also Be Interested In

• Norwegian Cruise (NCLH) PT Raised to $24 at TD Cowen
• Corbus Pharmaceuticals (CRBP) PT Lowered to $34 at Mizuho
• Delta Air Lines (DAL) PT Raised to $107 at UBS Ahead of Q2 Results