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Abercrombie & Fitch (ANF) Stock Gains on Bullish Analyst Outlook
Abercrombie & Fitch (ANF) Stock Gains on Bullish Analyst Outlook
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BTCCSquare news:
Abercrombie & Fitch shares surged 5.3% after BTIG analyst Janine Stichter initiated coverage with a Buy rating and a $120 price target, implying 34% upside potential. The call reflects confidence in the retailer's growth trajectory, particularly improvements in its Hollister brand and inventory management.
Stichter acknowledged near-term challenges from selective consumer spending but emphasized strong store traffic and brand momentum. The bullish stance follows ANF's stronger-than-expected Q2 results, suggesting the apparel retailer is regaining its footing after two years of restructuring.
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