American Eagle's Sydney Sweeney boost will not last long, according to Bank of America. Ahead of the clothing retailer's second-quarter earnings release on Sept. 3, analyst Christopher Nardone downgraded shares to underperform from neutral. He also lowered his price objective to $10 per share from $11, which signals downside of more than 21% from Friday's close. Nardone noted that the boost from the Sweeney ad push will be sapped by higher tariffs. "AE and Aerie are in tough positions to navigate tariffs; we do not think that either brand has much pricing power," he wrote. "We cut our F25/F26 EPS estimates by 8%/30% to $0.65/$0.95 to reflect the impact of higher tariffs and lower Aerie sales." Shares of American Eagle have jumped more than 18% in August and 9% in the past month after the r
BofA downgrades American Eagle, says tariffs will spoil Sydney Sweeney boost

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