UBS Maintains Neutral on Abercrombie & Fitch, Raises Price Target to $98
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 $93 to $98.
January 09, 2024 | 3:38 pm
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UBS has maintained a Neutral rating on Abercrombie & Fitch while raising the price target from $93 to $98.
The increase in price target by UBS suggests a positive outlook on Abercrombie & Fitch's future performance, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Neutral rating indicates that the analyst believes the stock is fairly valued at its current price, which may temper the impact of the price target increase.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100