American Eagle Outfitters (NYSE:AEO) saw its shares soar after Deutsche Bank upgraded its shares to a buy rating from hold on a more favorable view of valuation.
Last week, American Eagle fell on a list put out by Morgan Stanley of the retail stocks with the most exposure to escalating tariffs. Overall across Wall Street, nine investment firms have Buy-equivalent ratings on AEO, while five have hold-equivalent ratings and two are in with Sell-equivalent ratings.
American Eagle is a leading global specialty retailer offering high-quality, on-trend clothing, accessories and personal care products at affordable prices under its American Eagle® and Aerie® brands.
The company operates more than 1,000 stores in the United States, Canada, Mexico, China and Hong Kong, and ships to 81 countries worldwide through its websites. American Eagle Outfitters and Aerie merchandise also is available at more than 200 international locations operated by licensees in 25 countries.
One of the more notable highlights of recent weeks for the company is its $3.45 million investment in Dormify, a company described as a disruptive brand that offers college students and post-grads unique tools, resources and products to create their first home-away-from-home.
American Eagle is slated to give its third-quarter earnings on Wednesday, December 5, via Internet conference call.
Shares of AEO are down 32% over the last 90 days. Those shares rocketed $1.03, or 5.3%, to $20.57 in Monday’s first hour of trade.
