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Loungewear to Carry American Eagle as We Forsake Jeans By

© Reuters.

By Christiana Sciaudone — The Aerie model is a single for pandemic moments. The loungewear and lingerie line owned by American Eagle Outfitters (NYSE:) will assistance pull the organization forward as folks proceed to hunker down at house.
The stock rose 3.4% just after JPMorgan (NYSE:) upgraded it to a buy-equal from neutral. Any again-to-university browsing disruption will be extra than offset by informal and athleticwear sales by way of the Aerie brand, in accordance to analyst Matthew Horvers.
It can be a great time to buy as the shares have fallen by extra than 45% more than the past 18 months, Searching for Alpha stated, citing Horvers.
Shares are investing at all over $11.95, up about 25% considering the fact that late July. JPMorgan established a price target of $17, in contrast to the ordinary analyst price target of $13.77.
The inventory has 7 buy rankings, five holds and no sells.
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