American Eagle (AEO) Stock: $13 Target And Market Perform Rating

By Amit Chowdhry ● Aug 4, 2022
  • The shares of American Eagle (AEO) recently received a $13 price target from Cowen. These are the details.

The shares of American Eagle (AEO) recently received a $13 price target from Cowen. And Cowen analyst Jonna Kim adjusted the rating from “Outperform” to “Market Perform.”

Kim adjusted the rating after taking coverage of the stock. And while Kim appreciates Aerie’s competitive moats – which was highlighted in survey work – there is caution in the near term on markdown pressures, higher input costs, and reduced consumer demand. 

The stock is considered inexpensive, but it could be range-bound in the near term according to Kim.