As previously reported, UBS upgraded Abercrombie & Fitch to Buy from Neutral with a price target of $220, up from $173. A&F has strengthened its position in U.S. Specialty Retail over the last five years and the firm believe its brands’ strength and growth initiatives should drive outperformance compared to apparel peers, the analyst tells investors. The firm forecasts a 20% EPS compound annual growth rate through FY28 and believes this growth outlook is underappreciated, the analyst added.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANF:
- Abercrombie & Fitch upgraded to Buy from Neutral at UBS
- Abercrombie & Fitch target raised, placed on Positive Catalyst Watch at JPMorgan
- Telsey names top picks for 2025
- Shopify upgraded, Deere downgaded: Wall Street’s top analyst calls
- Abercrombie & Fitch initiated with an Outperform at Raymond James