American Eagle Outfitters: I No Longer Think FY 2025 Will Be A Good Year (Rating Downgrade)

Following my coverage of American Eagle Outfitters (NYSE: AEO ) in December, in which I recommended a buy rating due to my expectation that I still believed AEO could deliver $738 million in EBITDA in FY25, this post is toI take a fundamentals-based approach to value investing.I disagree with the common misconception held by many investors that low multiple stocks must be cheap. I look for companies that offer the best long-term durability at the most affordable prices. Consequently, I have a propensity to ...