American Eagle Outfitters "hold"

09/01/05 - Wedbush Morgan Securities

NEW YORK, September 1 (newratings.com) - Analysts at Wedbush Morgan reiterate their "hold" rating on American Eagle Outfitters Inc (AEOS). The 12-month target price is set to $29.

In a research note published this morning, the analysts mention that the company reported its August comp-sales in-line with the consensus and marginally ahead of the estimates. The departure of American Eagle Outfitters' CFO, Laura Weil, is a negative event for the company and would exert pressure on its share price, the analysts believe.