Key Takeaways Shares of American Eagle Outfitters fell Wednesday, a day after the clothing retailer withdrew its full-year outlook "due to macro uncertainty."JPMorgan analysts responded by lowering their price target for the stock.

American Eagle Outfitters scrapped its outlook for the year, stating that macroeconomic uncertainty has made it too difficult to predict consumer spending.

Shares of American Eagle Outfitters are tumbling after the retailer withdrew its financial outlook for the year citing “macro uncertainty” and said it would write down $75 million in spring and summer merchandise.