American Eagle Has 24% Upside on Aerie Becoming a $2 Billion Business
American Eagle Outfitters (NYSE: AEO) continues to soar to new heights on the strength of its Aerie lingerie and loungewear brand.
The fast-growing apparel business is expected to see double-digit sales growth again when the retailer reports fourth-quarter earnings next week, and Cowen analyst Oliver Chen upgraded his outlook on the retailer to outperform from market perform because he sees Aerie hitting $2 billion in sales within three years.
Image source: Aerie.
Source Fool.com