Why Foot Locker, Under Armour, and American Eagle Outfitters Stocks Were Up Today
Footwear and clothing specialists joined in a broad-based rally on Friday (the S&P 500 closed up 2.6%) to post strong gains. Outperforming the market were shares of:
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In the case of American Eagle, there was a bit of good news: Investment bank RBC Capital nearly doubled its price target on the teen clothing stock to $14 a share, citing strength in the company's Aerie brand, as well as strong internet sales. But even so, RBC left its recommendation on the stock at sector perform (i.e., hold, not buy).
Source Fool.com
