Morgan Stanley Maintains Equal-Weight on Abercrombie & Fitch, Lowers Price Target to $147
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alexandra Steiger maintains an Equal-Weight rating on Abercrombie & Fitch (NYSE:ANF) but lowers the price target from $155 to $147.
August 29, 2024 | 12:58 pm
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Morgan Stanley has maintained its Equal-Weight rating on Abercrombie & Fitch but has lowered the price target from $155 to $147, indicating a more cautious outlook.
The lowering of the price target by Morgan Stanley suggests a more cautious outlook on Abercrombie & Fitch's future performance, which could lead to a short-term negative impact on the stock price.
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