BUZZ-Street View: American Eagle Outfitters' narrower FY sales view reflects choppy macro

** Apparel retailer American Eagle Outfitters AEO.N on Thursday posted Q2 revenue below estimates, hurt by weaker sales in certain categories, including swimwear

** Co expects annual revenue to be between 2% and 3% vs prior forecast of 2%-4%

** AEO sees Q3 comparable sales growth between 3% and 4% vs analysts' avg. estimates of 2.8% - LSEG data

** At least five brokerages cut PT on stock; their median PT is $23 - LSEG data

CHALLENGES OF CHOPPY MACRO TO LINGER

** Telsey Advisory ("market perform", PT: $23) says while and categories such as sleepwear seem positive, moderated revenue outlook highlights "challenges in a choppy retail landscape" with cautious consumer spending

** TD Cowen (PT: $23) gross margin to remain pressured due to lower sales leverage in 2H24

** We are cautious on potential promotions in retail sector in 2H as some retailers have plans for promotions during holiday season - TD Cowen

** Barclays ("overweight", PT: $26) lowers estimates for adj. EPS for FY24, FY25 and FY26; says higher incentive pay to impact AEO's selling, general and administrative expenses in 2H24

(Reporting by Anuja Bharat Mistry in Bengaluru)

((AnujaBharat.Mistry@thomsonreuters.com))