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UA - Why Foot Locker Under Armour and American Eagle Outfitters Stocks Were Up Today
Under Armour Inc. Class C
Footwear and clothing specialists joined in a broad-based rally on Friday (the S&P 500 closed up 2.6%) to post strong gains. Outperforming the market were shares of:
Image source: Getty Images.
In the case of American Eagle, there was a bit of good news: Investment bank RBC Capital nearly doubled its price target on the teen clothing stock to $14 a share, citing strength in the company's Aerie brand, as well as strong internet sales. But even so, RBC left its recommendation on the stock at sector perform (i.e., hold, not buy).