Abercrombie & Fitch price target lowered to $149 from $160 at UBS

UBS analyst Mauricio Serna lowered the firm’s price target on Abercrombie & Fitch to $149 from $160 and keeps a Buy rating on the shares. Abercrombie & Fitch is likely to see its stock reaction driven by FY26 guidance, with sales growth expected to come in below the +4.6% consensus and EPS guided to $9.35-$10.35 versus the Street’s $10.47, reflecting recent sales deceleration and management conservatism, the analyst tells investors in a research note. Expectations already appear tempered, suggesting a relatively balanced risk/reward skew into the event, the firm says.