Needham analyst Tom Nikic initiated coverage of Abercrombie & Fitch with a Buy rating and $108 price target The company’s fundamentals are stabilizing after a challenging fiscal 2025, the analyst tells investors in a research note. The Abercrombie brand’s comp sales have “dramatically improved” in recent quarters and could get back into positive territory soon, the analyst tells investors in a research note. Needham sees a “compelling risk/reward” at current valuation levels.
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