Jefferies Is Bullish On American Eagle (AEO)

Analysts at Jefferies released a research report this morning on American Eagle Outfitters

. They wrote, "After showing progress with Q2 results, we expect the stock to work its way higher due to the end of negative EPS revisions and a solid back-to-school season. Upside/Downside attractive at >30+%/-10%. Reiterate Buy." The firm has a $21 price target on the stock. During today's trading session, AEO shares have risen 1.13% to $16.96. In the last month alone, AEO has surged more than 18%. The company currently has a market cap of $3.32 billion and trades at a trailing P/E of 19.72.