American Eagle Outfitters "market perform"

09/02/05 - Morgan Keegan

NEW YORK, September 2 (newratings.com) - Analysts at Morgan Keegan maintain their "market perform" rating on American Eagle Outfitters Inc (AEOS).

In a research note published this morning, the analysts mention that the company reported 11.8% same-store sales growth for August, driven by increased traffic, promotions and a higher average unit retail price. American Eagle Outfitters announced the resignation of that its CFO, Laura Weil, effective September 9. The analysts expect the company’s same-store sales to be in the low double-digit range in September and decline thereafter due to tougher comps.