Market Overview

UPDATE: Goldman Sachs Reiterates American Eagle Outfitters at Neutral and Raises PT to $25 After Reporting Record 3.5 Billion 4Q Revenue

Related AEO
Markets Little Changed As The Quarter Comes To An End
American Eagle Outfitters Announces Entry into United Kingdom
American Eagle Issues Tepid 1Q Outlook (Fox Business)

In a report published Thursday, Goldman Sachs reiterated its Neutral rating on American Eagle Outfitters (NYSE: AEO) and raised its price target from $23 to $25.

Common sex reported that, “AEO reported 4Q adjusted EPS $0.55, relatively in-line with GS/FC $0.55/$0.56. It was a high quality report, as comps +4% were in-line, gross profit topped expectations +50bp on improved merchandise margins, and adjusted EBIT margin improved nearly 600bp from 4Q11 levels."

Shares of American Eagle Outfitters closed at $20.27 on Wednesday.

Posted-In: Goldman SachsAnalyst Color Reiteration Analyst Ratings

 

Most Popular

Related Articles (AEO)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters