Companies in the Services sector have received a lot of coverage today as analysts weigh in on American Eagle (NYSE: AEO) and Genesco Inc (NYSE: GCO).
American Eagle (NYSE: AEO)
In a report released today, Susan Anderson from B.Riley FBR maintained a Buy rating on American Eagle (NYSE: AEO), with a price target of $27. The company’s shares closed on Friday at $22.56, close to its 52-week high of $23.50.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 4.2% and a 53.8% success rate. Anderson covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Ascena Retail Group, and Abercrombie Fitch.
Currently, the analyst consensus on American Eagle is Moderate Buy and the average price target is $22.67, representing a 0.5% upside.
In a report issued on May 31, Loop Capital Markets also maintained a Buy rating on the stock with a $26 price target.
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Genesco Inc (NYSE: GCO)
Pivotal Research analyst Mitch Kummetz maintained a Hold rating on Genesco Inc (NYSE: GCO) today and set a price target of $44. The company’s shares closed on Friday at $43.35, close to its 52-week high of $45.90.
Kummetz wrote:
“We’re modeling 1Q SSS at the high end of GCO’s range and EPS above consensus. In short, we like the way the quarter set up, but we’re less optimistic about the back half of the year, as reflected in our estimates and HOLD rating on the shares.”
According to TipRanks.com, Kummetz is a 2-star analyst with an average return of 0.7% and a 57.6% success rate. Kummetz covers the Services sector, focusing on stocks such as Foot Locker Inc, Shoe Carnival, and Boot Barn.
Currently, the analyst consensus on Genesco Inc is Moderate Buy and the average price target is $43.33, representing a 0.0% downside.
In a report issued on May 29, C.L. King also downgraded the stock to Hold.
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