Abercrombie & Fitch price target raised to $130 from $98 at UBS

UBS analyst Mauricio Serna raised the firm’s price target on Abercrombie & Fitch to $130 from $98 and keeps a Neutral rating on the shares. The firm expects a strong report for Q4, but after raising its operating outlook in January, this takes part of the surprise potential out of the event, the analyst tells investors in a research note. The firm’s channel checks indicate Abercrombie’s momentum has continued into February month-to-date.