Wall Street Strategies Reiterates Sell On American Eagle Outfitters

Wall Street Strategies is out with a research report on American Eagle Outfitters Inc. (NYSE: AEO), and is reiterating its Sell rating and $11 price target on shares.

In a note to clients, Wall Street Strategies writes, "American Eagle Outfitters (AEO) has had one of the tougher second quarters to date from the teen apparel space, in our view. While not in the same pickle as Aeropostale (ARO), which is experiencing weak sales trends near-term by mall and merchandise classification, we think there have been more product misses than product wins thus far in the quarter. Consequently, promotions have been consistently elevated throughout the quarter, and we expect earnings to ultimately be on the low-end of outstanding guidance."

At last check, shares of AEO are up 20 cents to $13.77, a gain of 1.47%.