JPMorgan analyst Matthew Boss noted that Abercrombie & Fitch reported Q2 EPS about 13% above the Street view and raised the FY24 outlook for both net sales growth and operating margins. The pullback following the Q2 “beat & raise” leads the firm to add the stock to the firm’s Analyst Focus List while maintaining its Overweight rating and $194 price target on A&F shares.
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Read More on ANF:
- ANF Earnings: Abercrombie & Fitch Surprises with Strong Q2 Sales, Yet Shares Tumble
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- Abercrombie & Fitch Faces High Stakes Ahead of Q2 Earnings
- Abercrombie & Fitch Welcomes New Board Member Andrew Clarke
- Abercrombie & Fitch Co. Announces Election of Andrew Clarke to its Board of Directors
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