JPMorgan analyst Matthew Boss upgraded Abercrombie & Fitch to Overweight from Neutral with a price target of $194, up from $167. With the shares down 20% since Q1 earnings, the firm upgrades Abercrombie as its fieldwork and management access points to continued broad-based demand at the Abercrombie brand, a Hollister brand inflection only in the “middle innings,” and brand momentum building internationally.
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