BUZZ-Morgan Stanley cuts PT on American Eagle Outfitters on tepid demand

Reuters12-09

** Brokerage Morgan Stanley cuts apparel maker American Eagle Outfitters' PT to $15 from $17

** New PT represents 16.6% downside to stock's last close of $17.99

** Brokerage says it is fearful of a reversion from current highs due to gross margin miss and disappointing Q3 results

** Adds, both sales and gross margin missed expectations, which management attributed to unfavorably warm weather and customer gravitation towards spring-summer clearance product

** Co cut annual sales target on Dec. 4 due to underperformance of Q3 sales, inconsistency in digital channel and choppiness in non-peak selling periods, coupled with softer pre-Black Friday trends

** Two of 11 brokerages rate the stock "buy", eight "hold" and one "sell"; their median PT is $20.50

** YTD the stock down 15% as of last close

(Reporting by Aamir Sohail in Bengaluru)

((Aamir.Sohail@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490724223?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-09 21:13","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2490724223","market":"us","top_or_hot":-1,"title":"BUZZ-Morgan Stanley cuts PT on American Eagle Outfitters on tepid demand","media":"Reuters","content":"<html><body><p>** Brokerage <a href=\"https://laohu8.com/S/MSPQL\">Morgan Stanley</a> cuts apparel maker American Eagle Outfitters'    PT to $15 from $17</p><p>   ** New PT represents 16.6% downside to stock's last close of $17.99</p><p>   ** Brokerage says it is fearful of a reversion from current highs due to gross margin miss and disappointing Q3 results</p><p>   ** Adds, both sales and gross margin missed expectations, which management attributed to unfavorably warm weather and customer gravitation towards spring-summer clearance product</p><p>   ** Co cut annual sales target on Dec. 4 due to underperformance of Q3 sales, inconsistency in digital channel and choppiness in non-peak selling periods, coupled with softer pre-Black Friday trends</p><p>   ** Two of 11 brokerages rate the stock \"buy\", eight \"hold\" and one \"sell\"; their median PT is $20.50</p><p>   ** YTD the stock down 15% as of last close</p><p> (Reporting by Aamir Sohail in Bengaluru)</p><p>((Aamir.Sohail@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BUZZ-Morgan Stanley cuts PT on American Eagle Outfitters on tepid demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBUZZ-Morgan Stanley cuts PT on American Eagle Outfitters on tepid demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-09 21:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>** Brokerage Morgan Stanley cuts apparel maker American Eagle Outfitters'    PT to $15 from $17   ** New PT represents 16.6% downside to stock's last close of $17.99   ** Brokerage says it is fearful ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2089283258.USD","symbol_name":"安联环球可持续基金Cl AM Dis","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2490724223","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490724223","pubTimestamp":1733749983,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"** Brokerage Morgan Stanley cuts apparel maker American Eagle Outfitters'    PT to $15 from $17   ** New PT represents 16.6% downside to stock's last close of $17.99   ** Brokerage says it is fearful of a reversion from current highs due to gross margin miss and disappointing Q3 results   ** Adds, both sales and gross margin missed expectations, which management attributed to unfavorably warm weather and customer gravitation towards spring-summer clearance product   ** Co cut annual sales target on Dec. 4 due to underperformance of Q3 sales, inconsistency in digital channel and choppiness in non-peak selling periods, coupled with softer pre-Black Friday trends   ** Two of 11 brokerages rate the stock \"buy\", eight \"hold\" and one \"sell\"; their median PT is $20.50   ** YTD the stock down 15% as of last close ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU1548497426.USD":"安联环球人工智能AT Acc","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","BK4127":"投资银行业与经纪业","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4516":"特朗普概念","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","PT":"品钛","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","BK4534":"瑞士信贷持仓","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","BK4585":"ETF&股票定投概念","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","BK4588":"碎股","LU0106831901.USD":"贝莱德世界金融基金A2","BK4504":"桥水持仓","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","BK4094":"服装零售","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","AEO":"美鹰服饰","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","BK4581":"高盛持仓","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD"},"translate_title":"BUZZ-摩根士丹利因需求不温不火而削减American Eagle Outfitters的PT","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PT":1,"AEO":1},"content_text":"** Brokerage Morgan Stanley cuts apparel maker American Eagle Outfitters'    PT to $15 from $17   ** New PT represents 16.6% downside to stock's last close of $17.99   ** Brokerage says it is fearful of a reversion from current highs due to gross margin miss and disappointing Q3 results   ** Adds, both sales and gross margin missed expectations, which management attributed to unfavorably warm weather and customer gravitation towards spring-summer clearance product   ** Co cut annual sales target on Dec. 4 due to underperformance of Q3 sales, inconsistency in digital channel and choppiness in non-peak selling periods, coupled with softer pre-Black Friday trends   ** Two of 11 brokerages rate the stock \"buy\", eight \"hold\" and one \"sell\"; their median PT is $20.50   ** YTD the stock down 15% as of last close (Reporting by Aamir Sohail in Bengaluru)((Aamir.Sohail@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490724223"}