American Eagle Outfitters (AEO +3.3%) gains after Morningstar says the firm is an attractive...

|About: American Eagle Outfitters... (AEO)|By:, SA News Editor

American Eagle Outfitters (AEO +3.3%) gains after Morningstar says the firm is an attractive takeover candidate because of its cash-rich balance sheet and depressed stock price. The report citing AEO makes the case that M&A activity with small-cap and mid-cap names will outpace bigger deals of over $10B.