Outperforming Retail Stock Gets Overdue Upgrade
ANFA&F(ANF) Schaeffers Investment Research·2024-07-22 21:44

Apparel retailer Abercrombie & Fitch Co. (NYSE:ANF) is up 5% to trade at 166.42thismorning,afterJPMorganSecuritiesupgradedthestockto"overweight"from"neutral"andhikeditspricetargetto166.42 this morning, after JPMorgan Securities upgraded the stock to "overweight" from "neutral" and hiked its price target to 194 from $167. The analyst in coverage is bullish on the brand's demand after recent marketing improvements.Coming into today, ANF was up 336.3% over the last 12 months. Despite this massive outperformance, six of eight covering brokerages still rated the equity a tepid "hold," leaving room on the bullish ban ...