American Eagle Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results

Core Insights - American Eagle Outfitters Inc reported better-than-expected second-quarter results, with revenue of $1.28 billion surpassing analyst estimates of $1.24 billion and earnings of 45 cents per share exceeding expectations of 20 cents per share [1][2] Financial Performance - The company experienced a revenue increase driven by higher demand, lower promotions, and well-managed expenses [2] - American Eagle's shares rose by 35.5%, trading at $18.46 following the earnings announcement [2] Future Outlook - The company anticipates comparable sales growth in the low single-digit range for both the third and fourth quarters [2] Analyst Ratings and Price Targets - UBS analyst Jay Sole maintained a Buy rating and raised the price target from $19 to $21.5 [5] - Barclays analyst Adrienne Yih maintained an Underweight rating and increased the price target from $9 to $14 [5] - Citigroup analyst Paul Lejuez maintained a Neutral rating and raised the price target from $11 to $15 [5] - Jefferies analyst Corey Tarlowe maintained a Hold rating and increased the price target from $11 to $17 [5]