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

In a report published Thursday, Goldman Sachs reiterated its Neutral rating on American Eagle Outfitters

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.