Abercrombie & Fitch Analysts Boost Their Forecasts After Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Abercrombie & Fitch (NYSE: ANF) reported strong first-quarter FY24 results, with sales and EPS beating analyst estimates. The company raised its FY24 sales and operating margin outlook. Analysts from Telsey Advisory Group and Morgan Stanley increased their price targets for ANF.
May 30, 2024 | 12:42 pm
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Abercrombie & Fitch reported better-than-expected Q1 FY24 results, with sales and EPS beating estimates. The company raised its FY24 sales and operating margin outlook. Analysts from Telsey Advisory Group and Morgan Stanley increased their price targets for ANF.
The strong financial performance and raised guidance indicate positive momentum for Abercrombie & Fitch. The increase in price targets by analysts further supports a bullish outlook for the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100