Citi raised the firm’s price target on Abercrombie & Fitch to $82 from $75 and keeps a Neutral rating on the shares post the fiscal Q3 report. The analyst believes the company’s momentum can continue into fiscal 2024. However, it will be tougher to deliver upside against already high expectations, the analyst tells investors in a research note. The firm sees a more balanced risk/reward at current share levels.
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