Abercrombie & Fitch price target raised to $83 from $74 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Abercrombie & Fitch to $83 from $74 and keeps an Outperform rating on the shares. The company reported “outstanding” Q3 results, driven by the Abercrombie brands and the Americas and Hollister sales were positive, the analyst tells investors. The A&F brand remains healthy with a resilient customer base while Hollister continues to show “nice signs” of improvements, the firm says.