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Abercrombie & Fitch price target raised to $84 from $71 at Barclays

Barclays analyst Adrienne Yih raised the firm’s price target on Abercrombie & Fitch to $84 from $71 and keeps an Equal Weight rating on the shares. The company’s Q1 results beat on sales, operating margin and earnings due to strength from Hollister, which posted 23% comp sales growth offset by Abercrombie, the analyst tells investors in a research note.

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