Standpoint Research Downgrades American Eagle to Hold

Standpoint Research has downgraded American Eagle (AEO) from Buy to Hold.

The firm states that “the stock is now fairly valued at 9X peak earnings from 2006-2008, 18X trailing 12 earnings and 15X estimates for next fiscal year.”

With about one hour left in pit trade, AEO has dropped 16 cents to $16.57.

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