MSG Downgraded, American Eagle Gets a 'Buy'
In Thursday's Analyst's Actions, American Eagle gets a buy, a bullish call on Edwards Lifesciences and MSG gets a downgrade. American Eagle (AEO) is now rated a 'Buy' at Janney Montgomery. The price target for the stock was also raised to $15 from $10 a share. The firm likes that the retailer pays a 4% dividend yield and thinks inventory levels have stabilized. JMP Securities (JMP) raised its price target for Edwards Lifesciences (EW) to $120 from $97, that's more than 22% to the upside from where the stock is currently trading. The firm reiterated its 'Market Outperform' rating. The Madison Square Garden Company (MSG) is downgraded at Stifel Nicolaus (SF) from a 'Buy' to a 'Hold' rating. MSG's price target, however is raised to $65 from $60 a share. Stifel lowered its rating on MSG because it doesn't see any near term catalysts which would drive the stock higher.
