UBS lowered the firm’s price target on Abercrombie & Fitch to $165 from $193 and keeps a Neutral rating on the shares. The analyst thinks Abercrombie’s Q2 report showcased the brands’ ongoing momentum. The company’s initiatives should drive multi-year growth but there is limited upside to Street estimates given incremental cost headwinds, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANF:
- ANF Earnings: Abercrombie & Fitch Surprises with Strong Q2 Sales, Yet Shares Tumble
- ANF Upcoming Earnings Report: What to Expect?
- 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
Questions or Comments about the article? Write to editor@tipranks.com