What’s the Word on Wall Street for Apparel Retailers?
As of September 27, 56% of the 18 analysts covering American Eagle Outfitters (AEO) stock have given it “hold” ratings. Abercrombie & Fitch (ANF) has received “hold” ratings from 50% of the 16 analysts covering its stock. The arrival of online retailers has pushed apparel retailers to revise their growth strategies to retain market share.