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Analysts Offer Insights on Consumer Goods Companies: Gap (GPS) and Abercrombie Fitch (ANF)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Gap (GPSResearch Report) and Abercrombie Fitch (ANFResearch Report).

Gap (GPS)

In a report released today, Brooke Roach from Goldman Sachs maintained a Hold rating on Gap, with a price target of $9.00. The company’s shares closed last Thursday at $10.01, close to its 52-week low of $7.79.

According to TipRanks.com, Roach has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.7% and a 44.1% success rate. Roach covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, Canada Goose Holdings, and Lululemon Athletica.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Gap with a $9.07 average price target.

See today’s best-performing stocks on TipRanks >>

Abercrombie Fitch (ANF)

Telsey Advisory analyst Dana Telsey maintained a Buy rating on Abercrombie Fitch today and set a price target of $25.00. The company’s shares closed last Thursday at $17.44, close to its 52-week low of $16.24.

According to TipRanks.com, Telsey is a 1-star analyst with an average return of -3.3% and a 36.8% success rate. Telsey covers the Consumer Goods sector, focusing on stocks such as Lulu’s Fashion Lounge Holdings, aka Brands Holding Corp, and Waldencast Acquisition.

Currently, the analyst consensus on Abercrombie Fitch is a Moderate Buy with an average price target of $23.67, representing a 47.2% upside. In a report issued on August 15, Jefferies also maintained a Buy rating on the stock with a $27.00 price target.

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