Abercrombie & Fitch price target lowered to $79 from $105 at Citi

Citi lowered the firm’s price target on Abercrombie & Fitch to $79 from $105 and keeps a Neutral rating on the shares. The firm sees weaker sales at the namesake brand driving the company’s Q3 earnings just below consensus expectations. However, Citi sees a positive risk/reward on the shares into the November 25 report with Abercrombie likely to affirm its 2025 outlook.