Benzinga | Oct 14, 2020 10:21AM EDT

Why American Eagle's Stock Is Trading Higher Today

American Eagle Outfitters (NYSE:AEO) shares are trading higher on Wednesday after Loop Capital upgraded the stock from Sell to Hold and announced a price target of $15 per share.

American Eagle Outfitters is an apparel and accessory retailer with company stores throughout North America, China, Hong Kong, and the United Kingdom. The company's primary brand, American Eagle Outfitters, sells casual apparel and accessories that target 15- to 25-year-old men and women. Its Aerie brand sells intimates and personal-care products for women. Women's items comprise the majority of the company's sales.

American Eagle Outfitters shares traded up 2.43% to $15.16 on Wednesday. The stock has a 52-week high of $16.82 and a 52-week low of $6.54.