American Eagle downgraded at Morgan Stanley As previously reported, Morgan Stanley downgraded American Eagle to Underweight from Equal Weight. The firm downgraded shares following the very weak Q1 report and said a rebound in earnings is unlikely and established an $11 price target.
American Eagle says environment continues to be highly promotional Says "pleased" with 1H15 results. Says has seen "good" sequential improvement starting from 2H14 through 1Q15 and 2Q15. Says environment continues to be highly promotional, but seeing strength across all categories and regions. Says leveraging mall traffic, says AUR continues to grow, as well as unit volume. Sees room for improved merchandise margins in 2H. Sees continued EPS growth in 2H. Says "very" optimistic going into 2H. Comments made at the Oppenheimer Annual Consumer Conference.