Morgan Stanley to Investors: American Eagle Is No Longer a Sell
Investment bank Morgan Stanley removed its sell rating from American Eagle Outfitters (NYSE: AEO) stock this morning, upgrading the teen and young adult clothing chain stock to "equalweight" (hold) with a new price target of $11 a share (up $2 from the previous target).
And no, this doesn't mean the coronavirus pandemic is over.
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Source Fool.com
