Abercrombie & Fitch price target raised to $120 from $118 at BTIG

BTIG raised the firm’s price target on Abercrombie & Fitch to $120 from $118 and keeps a Buy rating on the shares. Results from the ICR Conference were in line to slightly better than expectations, with the majority of companies reporting beats and largely consistent with the firm’s forecasts, the analyst tells investors in a research note. Management teams remain cautiously optimistic for FY26 given a resilient consumer, clean inventories, and stimulus/higher tax refunds likely on the way, the firm added.