American Eagle Outfitters tracks higher after Deutsche Bank upgrade

 

American Eagles Outfitters (NYSE:AEO) is on the move after Deutsche Bank boosts its rating to Buy from Hold.

Despite the recent AEO rally, Deutsche Bank thinks there is still enough runway to warrant a bullish stance after a «solid» start to the Back to School season for the retailer.


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DB lifts its price target to $22 from $17.AEO +3.54% premarket to $19.60

Fuente: Seeking Alpha


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