Argus analyst Kristina Ruggeri raised the firm’s price target on Abercrombie & Fitch to $130 from $97 and keeps a Buy rating on the shares. The company has been benefiting from growth in average unit retail as well as from supply chain improvement that allows it to replenish popular items quickly while the management has been repositioning its brands and broadening its offerings to include office and special occasion clothing, as well as active apparel, the analyst tells investors in a research note. The firm is also raising its FY25 EPS estimate for Abercrombie & Fitch to $7.64 from $5.79.
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