Why American Eagle Outfitters Stock Is Higher Today

Shares of American Eagle Outfitters (NYSE: AEO) were trading higher on Thursday. The company on Tuesday said that it will hit its 2023 financial targets ahead of schedule; Wall Street analysts have since responded with bullish notes, while expressing some near-term concerns.

As of 2 p.m. ET, American Eagle's shares were up about 4.7% from Wednesday's closing price.

In a new note on Thursday, Barclays analyst Adrienne Yih reiterated the bank's overweight rating on American Eagle's shares, while trimming its price target from $46 to $38. 

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Source Fool.com