Raymond James analyst Rick Patel raised the firm’s price target on Abercrombie & Fitch to $99 from $90 and keeps an Outperform rating on the shares. Despite misses on Abercrombie & Fitch brand sales and gross margin, the company’s Q1 results beat on EPS, revenue, and SG&A control, the analyst tells investors in a research note. Raymond James sees fiscal 2025 guidance as being achievable.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANF:
- Abercrombie & Fitch price target raised to $147 from $142 at JPMorgan
- Abercrombie & Fitch: Hold Rating Amid Mixed Signals and Market Resilience
- Abercrombie & Fitch price target raised to $84 from $71 at Barclays
- Abercrombie & Fitch Co. Reports Strong Q1 2025 Results
- Abercrombie & Fitch: Mixed Earnings Call Insights