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Business

American Eagle Outfitters stock rises after teen clothing chain raises profit forecast

American Eagle Outfitters, the teen-apparel chain that got a new CEO in January, Robert Hanson, raised its full-year profit forecast to $1.33 to $1.36 a share, from $1.16 to $1.22. Hanson’s “focus on leaner inventories and faster fashion turns is the key to what can be even more substantial improvement,” an analyst said. The stock is up 45 percent this year.