This morning, FBR increased its price target on shares of American Eagle (NYSE:AEO) to $21 as strong sales should push earnings higher at the clothing retailer. In the report, FBR reiterated its market perform rating.
Shares of AEO were lower despite the report, falling 3% this morning.
UBS increased its price target on shares of Allstate (NYSE:ALL) to $38 following strong earnings from the company. Mild winter weather kept claims lower in the first quarter, leading to better-than-expected earnings from the insurer. In UBS's report, the firm maintained its buy rating.
Shares of Allstate were higher on the news, picking up 4.2% so far today.
And Bank of America increased its price target on shares of BB&T (NYSE:BBT) to $33 as fundamentals in the industry continue to improve. With the higher price target, Bank of America boosted its EPS estimates and maintained its neutral rating.
Shares of BB&T were inching higher this morning, gaining 0.2%.
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