JPMorgan raised the firm’s price target on Abercrombie & Fitch to $167 from $144 and keeps a Neutral rating on the shares following the Q1 report. The company reported a beat across all line items and raised its fiscal 2024 outlook for sales and operating margin, the analyst tells investors in a research note. The firm says Abercrombie has proved its ability to sustain momentum despite lapping tougher compares.
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