By: Benzinga
UPDATE: Citigroup Cuts PT to $25 on American Eagle Outfitters on Competitive Concerns
Citigroup reiterated its Buy rating on American Eagle Outfitters (NYSE: AEO ) but reduced its price target from $28 to $25. Citigroup said, "We believe AEO's product strength was demonstrated by strong E-comm sales; however, we believe AEO remains in an extremely competitive teen-apparel market with decelerating mall traffic.
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