American Eagle Outfitters Inc AEO:NYSE

Last Price$12.85NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22

Today's Change+0.39(3.13%)
Bid (Size)$12.77 (1)
Ask (Size)$13.70 (8)
Day Low / High$12.42 - 12.85
Volume4.3 M

B. Riley Downgrades American Eagle Outfitters, Urban Outfitters to Neutral from Buy on Promo Risk, Slowdown; Says Inflation Concerns Continue to Impact Consumer Sector

9:06AM ET 6/17/2022 MT Newswires
B. Riley downgrades American Eagle Outfitters (AEO) and Urban Outfitters (URBN) to neutral from buy on promo risk and slowdown, and as concerns about inflation continue to impact the consumer sector.

The firm, in a Friday research report, wrote that American Eagle Outfitters is at risk of seeing continued margin pressure and is facing increased competition. The firm expects comps to remain flattish for the rest of the year.

For Urban Outfitters, the firm wrote that the company will be a detractor for the year and turn negative. The firm also noted merchandising missteps which are expected to lead to increased markdowns. The company is also exposed to the home category which is expected to see a slowdown, the firm added.

B. Riley lowered American Eagle Outfitters' price target to $13 from $22. American Eagle Outfitters has an average rating of outperform and price targets ranging from $8 to $27, according to analysts polled by Capital IQ.

B. Riley lowered Urban Outfitters' price target to $23 from $35. Urban Outfitters has an average rating of outperform and price targets ranging from $17 to $36.50, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

Price: 11.74, Change: -0.12, Percent Change: -1.01