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Express News | American Eagle Outfitters Inc : Jefferies Cuts Target Price to $17 From $19
US retailers are optimistic about the performance of the holiday shopping season, but Wall Street questions the sustainability of the growth.
Lululemon and American Eagle both raised their sales expectations for the holiday shopping season, but their stock prices fell; Abercrombie & Fitch also raised its performance expectations, but the increase was minor, leading to a dive in its stock price.
Many well-known retailers have announced their early holiday season sales, most of which exceeded expectations, but Wall Street is not buying it.
After seeing strong consumer purchases during the important holiday season, companies such as Lululemon, Abercrombie & Fitch, and American Eagle have raised their fourth-quarter performance expectations. Urban Outfitters also achieved strong holiday season growth, but Macy's indicated that its performance in the crucial quarter fell short of expectations.
Express News | American Eagle Outfitters Shares Reverse Course, Last Down About 4%
Clothing Retailers Had a Jolly Holiday, Boosting Guidance for 4Q -- Market Talk
American Eagle Outfitters Shares Are Trading Higher After the Company Raised Its Q4 Operating Profit Outlook.