American Eagle Outfitters (NYSE:AEO) stock hit 11-month lows on Thursday after reporting quarterly financial results after Wednesday’s market closed.
Needham analyst Tom Nikic remains cautiously neutral, maintaining a Hold rating on the stock with no price target.
American Eagle: Mixed Bag
The apparel company’s intimate line, Aerie, remains the highlight, Nikic said.
"AEO remains a tale of two brands, with Aerie remaining red-hot, but the larger American Eagle brand is still a bit of a mixed bag," Nikic said.
