American Eagle Outfitters "above average"

08/22/07 - Caris & Company

NEW YORK, August 22 (newratings.com) - Analyst Scott Birkby of Caris & Company reiterates his "above average" rating on American Eagle Outfitters (AEO). The target price is set to $34.

In a research note published this morning, the analyst mentions that the company has reported its 2Q EPS ahead of the estimates and the consensus. American Eagle Outfitters has issued its 3Q EPS guidance at $0.47-$0.48, which seems conservative, the analyst says. Caris & Company expects American Eagle Outfitters’ gross profit margins to decline in 3Q.