On Nov 27, major Wall Street analysts update their ratings for $Abercrombie & Fitch (ANF.US)$, with price targets ranging from $149 to $190.
Morgan Stanley analyst Alexandra Straton maintains with a hold rating, and adjusts the target price from $147 to $149.
Citi analyst Paul Lejuez maintains with a buy rating, and maintains the target price at $190.
UBS analyst Mauricio Serna maintains with a hold rating, and adjusts the target price from $170 to $173.
Telsey Advisory analyst Dana Telsey maintains with a buy rating, and maintains the target price at $190.
Furthermore, according to the comprehensive report, the opinions of $Abercrombie & Fitch (ANF.US)$'s main analysts recently are as follows:
Abercrombie & Fitch's Q3 report highlighted effective performance despite a challenging retail market. The firm's initiatives are expected to sustain multiyear sales and EPS growth. However, after a significant increase, EPS growth is anticipated to decelerate to a mid-single digit rate post-70% year-on-year in FY24. There is perceived limited potential for surpassing Street estimates in light of the Abercrombie brand's slowing momentum and ongoing cost challenges, which may hinder notable P/E expansion and stock outperformance in the near term.
Abercrombie & Fitch reported another strong financial performance, exceeding expectations, yet the stock experienced a 5% decline. This reaction is believed to reflect the growing investor concerns about potential reversals in sales and margins. The ongoing momentum may continue, but these concerns could keep the stock's movement within a confined range.
Here are the latest investment ratings and price targets for $Abercrombie & Fitch (ANF.US)$ from 4 analysts:
Note:
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