American Eagle Outfitters (AEO) Stock: $38 Price Target From Deutsche Bank

By Amit Chowdhry ● Feb 16, 2022
  • The shares of American Eagle Outfitters Inc (NYSE: AEO) have received a $38 price target from Deutsche Bank. These are the details.

The shares of American Eagle Outfitters Inc (NYSE: AEO) have received a $38 price target from Deutsche Bank. And Deutsche Bank analyst Gabriella Carbone is maintaining a “Buy” rating on the shares.

Carbone expects in-line reports for the fourth quarter for the apparel retail sector as the omicron surge and higher than expected freight and supply chain costs are likely to keep a lid on any upside. And going forward, Carbone anticipates first-quarter guidance to come in below Street forecasts.

Plus Carbone had lowered multiples across the group to reflect uncertainty around ongoing supply chain challenges, elevated freight costs, rising input costs, and the potential for increased promotional activity as inventories start to build.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.