Advertisement
Australia markets close in 5 hours 54 minutes

  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     

  • ASX 200

    7,642.10
    +36.50 (+0.48%)
     

  • AUD/USD

    0.6413
    -0.0012 (-0.19%)
     

  • OIL

    82.62
    -0.11 (-0.13%)
     

  • GOLD

    2,391.50
    -6.50 (-0.27%)
     

  • Bitcoin AUD

    98,235.70
    +3,054.08 (+3.21%)
     

  • CMC Crypto 200

    1,310.73
    +425.19 (+47.97%)
     

  • AUD/EUR

    0.6027
    -0.0004 (-0.07%)
     

  • AUD/NZD

    1.0874
    -0.0001 (-0.01%)
     

  • NZX 50

    11,807.36
    -28.68 (-0.24%)
     

  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     

  • FTSE

    7,877.05
    +29.06 (+0.37%)
     

  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     

  • DAX

    17,837.40
    +67.38 (+0.38%)
     

  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     

  • NIKKEI 225

    38,079.70
    0.00 (0.00%)
     

Morgan Stanley to Investors: American Eagle Is No Longer a Sell

Rich Smith, The Motley Fool
·2-min read
Morgan Stanley to Investors: American Eagle Is No Longer a Sell

Investment bank Morgan Stanley removed its sell rating from American Eagle Outfitters (NYSE: AEO) stock this morning, upgrading the teen and young adult clothing chain stock to "equalweight" (hold) with a new price target of $11 a share (up $2 from the previous target). In fact, American Eagle's first-quarter earnings report, released yesterday and covering essentially the entire period of the pandemic through May 2, 2020, was pretty abysmal. Sales declined 38% year over year and American Eagle lost $1.54 per share.

Continue reading