JPMorgan analyst Matthew Boss noted that Abercrombie & Fitch reported Q2 EPS about 13% above the Street view and raised the FY24 outlook for both net sales growth and operating margins. The pullback following the Q2 “beat & raise” leads the firm to add the stock to the firm’s Analyst Focus List while maintaining its Overweight rating and $194 price target on A&F shares.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ANF:
- ANF Earnings: Abercrombie & Fitch Surprises with Strong Q2 Sales, Yet Shares Tumble
- ANF Upcoming Earnings Report: What to Expect?
- Abercrombie & Fitch Faces High Stakes Ahead of Q2 Earnings
- Abercrombie & Fitch Welcomes New Board Member Andrew Clarke
- Abercrombie & Fitch Co. Announces Election of Andrew Clarke to its Board of Directors