American Eagle Stock Downgraded on Tariff Concerns
Retail stock American Eagle Outfitters Inc (NYSE:AEO) was last seen down 3.4% at $12.42, after a downgrade from BofA Global Research to "underperform" from "neutral," with a price-target cut to $10 from $11. The firm cited tariff pressures and weakening sales momentum, despite short-term upside from back-to-school shopping and the Sydney Sweeney campaign. Analysts are overwhelmingly bearish on the equity. Of the 13 in coverage, only one brokerages carries a "strong buy" rating, with 10 a "hold," and two a " ...