Guggenheim Securities Initiates American Eagle With Buy

Analysts at Guggenheim Securities initiated coverage on

with a Buy rating. The target price for American Eagle is set to $20. American Eagle shares have gained 55.82% over the past 52 weeks, while the S&P 500 index has surged 12.54% in the same period. American Eagle shares dropped 2.07% to close at $17.53 yesterday.