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.

Image source: Getty Images.

Continue reading

Source Fool.com