American Eagle Names New CEO, Goldman Sachs Maintains Buy

Goldman Sachs has published a research report on American Eagle Outfitters AEO after the company named a new CEO, Robert Hanson. In the report, Goldman Sachs writes, "AEO announced the appointment of Robert Hanson as CEO, replacing Jim O' Donnell, who announced his retirement back in March. Mr. Hanson will start at the end of January after spending the past 23 years at Levi's. His key roles have included President of Levi's Brand US from 2001 to 2006 and President of Levi Strauss North America from 2006 through 2010." Goldman Sachs maintains its Buy rating and $17 price target on American Eagle Outfitters, which is currently trading up $0.44 from yesterday's $13.64 closing price.