Abercrombie & Fitch shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $167 to $194.
Portfolio Pulse from Benzinga Newsdesk
Abercrombie & Fitch shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $167 to $194.
July 22, 2024 | 11:14 am
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POSITIVE IMPACT
JP Morgan upgraded Abercrombie & Fitch from Neutral to Overweight and increased its price target from $167 to $194, leading to a rise in the stock price.
The upgrade from JP Morgan and the significant increase in the price target are strong positive signals for investors, likely leading to increased buying activity and a rise in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100