American Eagle Outfitters "market perform," estimates reduced

11/19/07 - Morgan Keegan

NEW YORK, November 19 (newratings.com) - Analysts at Morgan Keegan maintain their "market perform" rating on American Eagle Outfitters Inc (AEO), while reducing their estimates for the company.

In a research note published this morning, the analysts mention that the company is unlikely to be able to achieve its EPS growth guidance of 15% for the current year in view of the weakening environment. The EPS estimates for FY07 and FY08 have been reduced from $1.89 to $1.85 and from $2.11 to $2.07, respectively.