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.
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