UBS Maintains Neutral on Abercrombie & Fitch, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole has maintained a Neutral rating on Abercrombie & Fitch (NYSE:ANF) and increased the price target from $53 to $70.
November 13, 2023 | 3:02 pm
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UBS has maintained a Neutral rating on Abercrombie & Fitch but raised the price target from $53 to $70, indicating a positive outlook on the stock's value.
The increase in price target by UBS suggests an improved valuation outlook for Abercrombie & Fitch, which could lead to increased investor interest and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at current levels, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100