American Eagle Analysts Increase Their Forecasts After Better-Than-Expected Q2 Results

1. AEO's Q2 revenue reached $1.28 billion, exceeding estimates of $1.24 billion. 2. The company's earnings per share were 45 cents, surpassing the 20-cent estimate. 3. AEO expects low single-digit comparable sales growth for Q3 and Q4. 4. Analysts raised price targets, with UBS raising it to $21.5. 5. AEO shares increased by 35.5% after the earnings announcement.