August 22, 2013 12:39 PM | 1 min read |
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
In a report published Thursday, BMO Capital Markets analyst John D. Morris reiterated a Market Perform rating on
American Eagle Outfitters (NYSE: AEO), but lowered the price target from $16.00 to $15.00.In the report, BMO Capital Markets noted, “We believe the 3Q outlook, coming off a major miss, is overly cautious, as management looks to fully reset the bar. However, we continue to see the challenges from 2Q bleeding into the back half of the year, as BTS is often a leading indicator for holiday. Further, adjustments to the assortment and marketing will not be immediate, particularly with Executive Creative Director Roger Markfield set to leave his position in early 2014. On the margin side, AEO's heavily promotional stance has eroded pricing credibility. We see a lack of significant margin drivers, as IMU tailwinds subside, sharper price points on core basics limit AUR expansion, and investments in longer-term growth vehicles (DTC, Factory, and international) offset recent SG&A reductions.”American Eagle Outfitters closed on Wednesday at $16.38.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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