BUZZ-American Eagle falls after BofA turns bearish on tariffs impact
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American Eagle Outfittersshares fell 3.6% to $12.39 after BofA Global Research downgraded the retailer to 'underperform' from 'neutral', lowering the price target to $10. Analyst Christopher Nardone cited a challenging earnings outlook due to higher tariffs and declining Aerie sales. He expressed concerns over the brands' pricing power and reduced EPS estimates. Nardone also downgraded the stock's dividend rating, indicating a risk of a cut. AEO shares are down approximately 26% year-to-date, with fiscal Q2 results expected on September 3.
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