Consumer Confidence Drops; Retail ETFs in Focus Tuesday, September 28, 1:15 PM ET, by ETF Channel Staff The Conference Board released a disappointing consumer confidence report this morning, putting retailer and retail ...
American Eagle, Gap Numbers Boosted by Goldman Friday, November 19, 12:27 PM ET, by Market News Video Staff Goldman Sachs (GS) issued a number of updates to its ratings and estimates in its ...
By Market News Video Staff, Monday, November 29, 11:39 AM ET
Teen retailer American Eagle Outfitter (NYSE:AEO) was upgraded from neutral to buy by Janney Montgomery Scott today.
Janeey Montgomery cited inventory controls, robust Black Friday activity, cuts that could support margin expansion, and potential for upside to margin and EPS expectations in its upgrade.
The firm also hiked its price target on American Eagle from $17 to $20 per share.
American Eagle shares are trading up 0.35% Monday.
American Eagle is 1.55% of the SPDR S&P Retail ETF (AMEX:XRT). The fund holds a broad range of retail stocks, including other apparel retailers such as Abercrombie & Fitch (NYSE:ANF), 1.79% of the holdings, Guess (NYSE:GES), also 1.79%, Chicos FAS (NYSE:CHS), 1.77% of the fund, and Limited Brands (LTD), 1.77% of the portfolio.
This Article's Word Cloud:AMEXAbercrombieAmericanBlackBrandsChicosEagleFridayGuessJaneeyJanneyLimitedMondayMontgomeryNYSEOutfitterRetailScottTeenactivityalsocitedexpansionexpectationsfirmfromfundhikedholdingsholdsincludingmarginneutralotherpotentialpricerangeretailretailerrobustsharesstockssuchsupporttargetthattodaytradingupgradeupgraded
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