UPDATE: Topeka Capital Markets Initiates American Eagle Outfitters with Buy on Strong 4Q12 Results
In a report published Thursday, Topeka Capital Markets analyst Dorothy S. Lakner initiated coverage on American Eagle Outfitters (NYSE: AEO) with a Buy rating and $25.00 price target.
In the report, Lakner noted, “We are initiating coverage of AEO with a Buy rating and a $25 price target as we believe,as evidenced by strong 4Q12 results recently reported, that under CEO Robert Hanson, initiatives underway to improve sales growth and margins at AEO and move operating margins back to the midteens--and perhaps beyond--are taking hold and should accelerate into 2013.”
American Eagle Outfitters closed on Wednesday at $19.47.
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