Morsa Images/DigitalVision via Getty Images Summary Following my coverage on American Eagle Outfitters (NYSE:AEO) in June 2024, in which I recommended a hold rating due to my expectation that the stock will remain under pressure given the visible margin headwinds and that the valuation was not attractive, this post is to provide an update on my thoughts on the business and stock. I am upgrading my rating from hold to buy as I see a tactical opportunity to make ~7% returns over the next few months if AEO can ...