Abercrombie & Fitch price target raised to $100 from $82 at Citi

Citi raised the firm’s price target on Abercrombie & Fitch to $100 from $82 and keeps a Neutral rating on the shares. The analyst appreciates the momentum in the business but says expectations are much higher with the shares up 300% since the beginning of fiscal 2023. At current levels, the firm believes Abercrombie’s risk/reward is balanced.