American Eagle Outfitters "neutral," estimates reduced

08/23/07 - Credit Suisse

NEW YORK, August 23 (newratings.com) - Analysts at Credit Suisse maintain their "neutral" rating on American Eagle Outfitters Inc (AEO), while reducing their estimates for the company. The target price is set to $26.

In a research note published this morning, the analysts mention that the downward revision in the earnings estimate reflects the company’s 2Q07 earnings results. The EPS estimate for FY07 has been reduced from $1.95 to $1.94.