Topeka Starts Coverage of American Eagle with “Buy” Rating (AEO)
Topeka Capital Markets analysts initiated bullish coverage on American Eagle Outfitters (AEO) on Thursday, believing that the apparel retailer’s CEO has the right initiatives to help improve sales and expand margins.
The analysts rate AEO as “Buy” and see shares reaching $25. This target suggests a 28% upside to Wednesday’s closing price of $19.47.
American Eagle shares were up 36 cents, or +1.85%, during Thursday morning trading. The stock is down -3.46% year-to-date.
The Bottom Line
Shares of American Eagle (AEO) have a dividend yield of 2.52% based on Thursday’s intraday trading price of $19.85 and the company’s annualized dividend payout of 50 cents per share.
American Eagle Outfitters (AEO) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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