Abercrombie & Fitch price target raised to $215 from $155 at Jefferies

Jefferies raised the firm’s price target on Abercrombie & Fitch to $215 from $155 and keeps a Buy rating on the shares after the company beat top-and-bottom-line expectations and raised fiscal year guidance across the top-and-bottom line. The firm raised estimates accordingly as it continues to expect A&F to drive strong sales and margin growth through FY25, the analyst tells investors.