Morgan Stanley Maintains Underweight on Abercrombie & Fitch, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Underweight rating on Abercrombie & Fitch (NYSE:ANF) and raises the price target from $17 to $18.
May 25, 2023 | 11:49 am
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Morgan Stanley maintains an Underweight rating on Abercrombie & Fitch and raises the price target from $17 to $18.
The news directly mentions Abercrombie & Fitch (ANF) and the price target increase by Morgan Stanley. However, the Underweight rating remains unchanged, indicating that the analyst still has a negative outlook on the stock. This may have a neutral short-term impact on ANF's stock price, as the price target increase is offset by the maintained negative rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100