Abercrombie & Fitch initiated with an Equal Weight at Barclays

Barclays initiated coverage of Abercrombie & Fitch with an Equal Weight rating and $71 price target The firm says its ratings balances its view of Abercrombie’s “strong brand heat, best-in-class” omnichannel model, and future store growth opportunities against risks from elevated inventory levels, potentially peaking margins, higher marketing spending, difficult compares in fiscal 2025, and sector-wide tariff uncertainty.