UBS raised the firm’s price target on Abercrombie & Fitch to $130 from $115 and keeps a Buy rating on the shares. The firm’s analysis suggests Hollister has maintained strong sales momentum during Q1, which shold help drive a 4c EPS beat for Q1, the analyst tells investors in a research note. UBS thinks Abercrombie could withdraw its guidance for fiscal 2025 amid elevated U.S. tariff uncertainty and sees a wide range of potential volatility outcomes.
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