American Eagle Outfitters, Inc. was upgraded to outperform from market perform at FBR & Co. Tuesday, on expectations for a strong second half. "We are still wary of the environment beyond 2H15 but believe AEO's brand recognition, product execution, right-sized fleet, and Aerie/international growth prepare it to drive upside to expectations in a competitive environment," analysts wrote in a note. The firm raised its earnings per share estimate for the third quarter to 31 cents from 28 cents; for the fourth-quarter to 42 cents from 39 cents, for the full year to $1.04 from 96 cents; and for 2016 to $1.14 from $1.07. The firm has also increased the retailer's price target to $19 from $17. American Eagle stock is up more than 12% in the year to date, while the S&P 500 has lost 8%.
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