UBS Maintains Neutral on Abercrombie & Fitch, Raises Price Target to $75
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 $70 to $75.
November 22, 2023 | 5:07 pm
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UBS has maintained a Neutral rating on Abercrombie & Fitch while raising the price target from $70 to $75.
The increase in price target by UBS suggests a positive outlook on Abercrombie & Fitch's future performance, which could lead to a short-term increase in the stock price. However, the Neutral rating indicates that the analyst does not see significant outperformance relative to the market or sector, tempering the potential impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100