American Eagle Outfitters (AEO) Called 'Best in Show' at Janney

Down 2% on a Goldman Sachs downgrade, American Eagle Outfitters (NYSE: AEO) is being praised at Janney Capital as "Best in Show". The firm reiterated a Buy rating and fair value target of $19.00.

"As we head into the key Spring Break weeks pre-Easter, we note building momentum in the Teen sector; our checks show improving comp trends from the most recent earnings data points," Adrienne Yih said. "In the Teen space, we believe AEO’s spring product is “Best in Show,” with trend-right tops & a broad selection of bottoms."

She added, "Among the “three A’s,” we believe ANF & ARO may continue to donate share in ’15 & AEO will be the beneficiary. Solidly comping QTD, with nominal promos & despite weather issues, AEO’s spring is picking up momentum based on our checks."

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 $16.92 yesterday.

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