As the brand new stimulus invoice nears passage, Wall Road sees these retail shares getting a lift

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An worker, proper, helps a buyer change a license plate bulb exterior an AutoZone retailer in Princeton, Illinois.

Daniel Acker | Bloomberg | Getty Photos

With President Joe Biden anticipated to signal a Covid-19 stimulus invoice this week, Wall Road analysts see sure retail shares getting a lift from customers spending the $1,400 funds coming their approach.

Brokerages giant and small have targeted their analysis on how U.S. customers spent their prior stimulus checks for hints on how they’re seemingly to make use of the brand new spherical of funds.

Jefferies analyst Janine Stichter recommends buyers purchase attire retailer American Eagle Outfitters, a inventory she sees rising 12% to $32 from Friday’s shut simply north of $28 per share.