Morgan Stanley Upgrades Abercrombie & Fitch to Equal-Weight, Raises Price Target to $51
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Alexandra Steiger has upgraded Abercrombie & Fitch (NYSE:ANF) from Underweight to Equal-Weight and raised the price target from $18 to $51.

August 25, 2023 | 9:06 am
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Abercrombie & Fitch has been upgraded by Morgan Stanley from Underweight to Equal-Weight, with a significant increase in price target from $18 to $51.
The upgrade from Morgan Stanley is a positive signal for Abercrombie & Fitch. The change from Underweight to Equal-Weight indicates a more favorable view of the company's stock. Furthermore, the significant increase in price target from $18 to $51 suggests that the analyst sees substantial upside potential for the stock. This could lead to increased investor interest and potentially a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100