Abercrombie & Fitch price target raised to $152 from $140 at Telsey Advisory

Telsey Advisory analyst Dana Telsey raised the firm’s price target on Abercrombie & Fitch to $152 from $140 and keeps an Outperform rating on the shares. The company finished an “impressive” year with another quarter of strong results, the analyst tells investors. The A&F brand remains healthy with a resilient customer base and Hollister is showing nice signs of improvement, the firm adds. In the long-term, Telsey sees margin expansion opportunity through digital growth and increased square footage productivity.