American Eagle Outfitters, Inc. (NYSE:AEO) is one of the most undervalued retail stocks to invest in. Morgan Stanley raised the firm’s price target on American Eagle Outfitters, Inc. (NYSE:AEO) to $17 from $10 on September 18 while keeping an Equal Weight rating on the shares.
The firm told investors in a research note that it updated its models for the company and a selection of other retailers following their Q2 earnings reports.
However, in a report released on September 18, Alexandra Straton from Morgan Stanley maintained a Hold rating on American Eagle Outfitters, Inc. and set a price target of $17.00.
In addition to Morgan Stanley, BTIG’s Janine Stichter also assigned a Hold rating to American Eagle Outfitters, Inc. in a report issued the same day.
American Eagle Outfitters, Inc. is a global specialty retailer that offers clothing, accessories, and personal care products. Its brand portfolio includes American Eagle and Aerie brands.
American Eagle operates as a jeans and apparel brand, while Aerie offers lifestyle items such as apparel, intimates, activewear, and swim collections.
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This article is originally published at Insider Monkey.
