American Eagle Outfitters Stock Upgraded Ahead of Earnings: What You Need to Know
Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...
American Eagle Outfitters (NYSE: AEO) plans to report its second-quarter 2017 earnings early next Wednesday, Aug. 23, then follow up that report with a call with investors at 9 a.m. EDT. Few analysts are optimistic about what the teen clothier will have to tell them, however, with estimates calling for a small increase in sales but a large drop in profits. Despite that, one analyst is breaking from the pack this morning and urging investors to buy American Eagle ahead of earnings.
Here are three things you need to know about that.
Source: Fool.com
American Eagle Outfitters Stock
Currently there is a rather positive sentiment for American Eagle Outfitters with 6 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 16 € is below the current price of 18.7 € for American Eagle Outfitters, so the potential is actually -14.44%.
