
Apparel company American Eagle Outfitters AEO.N down as much as 8.8% at $11.60 in early trading
Co withdrew its annual forecasts on Tuesday and took a $75 million inventory charge on its spring and summer collection due to economic uncertainty fueled by tariffs
Jefferies cuts PT on the stock to $11 from $13
Brokerage BMO Capital Markets also cuts PT to $11 from $15
While AEO remains a key shopping destination during peak demand periods, overcoming lulls in between continues to prove challenging - Dana Telsey, analyst with Telsey Advisory Group
Two out of 12 brokerages rate the stock "buy", nine "hold" and one "sell"; their median PT is $12 - data compiled by LSEG
Up to last close, stock had fallen ~24% YTD