JPMorgan raised the firm’s price target on Abercrombie & Fitch to $144 from $125 and keeps a Neutral rating on the shares. The analyst also placed the shares on “Positive Catalyst Watch.” The firm increased its Q1 same-store-sales estimate afire store work pointed to an inflection in the men’s assortment at Hollister and sustained new customer acquisition at Abercrombie.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANF:
- Abercrombie & Fitch price target raised to $112 from $103 at Morgan Stanley
- Abercrombie & Fitch Co. to Report First Quarter 2024 Results on May 29, 2024
- Fly Insider: Zura Bio, Google among week’s notable insider trades
- Abercrombie & Fitch call volume above normal and directionally bullish
- Can Abercrombie Stock (NYSE:ANF) Recover after Falling from Its Peak?