UBS raised the firm’s price target on Abercrombie & Fitch to $93 from $75 and keeps a Neutral rating on the shares. Softlines growth stocks have historically been the best performers over 12-month time horizons, and UBS expects the trend to continue and for growth stocks to outperform through what is likely another year of high volatility, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ANF:
- Abercrombie & Fitch price target raised to $99 from $74 at JPMorgan
- Abercrombie & Fitch put volume heavy and directionally bearish
- Abercrombie & Fitch price target raised to $97 from $62 at Argus
- Amazon exiting ‘Pay with Venmo’ button deal, says Evercore ISI
- Abercrombie & Fitch Co. Receives Top Score on the Human Rights Campaign’s 2023-2024 Corporate Equality Index for the Seventeenth Consecutive Year