Citi analyst Paul Lejuez raised the firm’s price target on Abercrombie & Fitch to $190 from $150 and keeps a Buy rating on the shares. The company’s Q1 was highlighted by an acceleration in comps at A&F and Hollister and a strong gross margin beat, the analyst tells investors in a research note. However, the firm says it “can’t chase” the stock at current levels.
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