Abercrombie & Fitch price target lowered to $150 from $210 at UBS

UBS lowered the firm’s price target on Abercrombie & Fitch to $150 from $210 and keeps a Buy rating on the shares. Abercrombie & Fitch’s solid Q4 sales print underscores that its brands continue to outperform Specialty Retail competitors, and its brands maintain solid fundamentals, the analyst tells investors in a research note. The firm expects a 10% five-year EPS compound annual growth rate, and thinks this growth outlook is underappreciated.