Citi upgraded Abercrombie & Fitch to Buy from Neutral with a price target of $135, up from $90. The firm views the 17% selloff post the company’s preliminary results as unwarranted. Abercrombie’s two brands are well positioned for growth in fiscal 2026, the analyst tells investors in a research note. Citi sees a favorable risk/reward post the pullback, saying Abercrombie will post strong free cash flow in fiscal 2026.
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