Accueil > Actualité
Actualite financiere : Actualite bourse

Abercombie: Jefferies cuts target price

( - Jefferies maintains its "buy" rating on Abercombie & Fitch shares, although has reduced its target price for them to 34 dollars (from 45 dollars) after the clothing chain reported better-than-expected Q1 results.

"However, margin weakness is the central focus, with mgmt. forecasting F'23 EBIT% to be in the range of 5-6% (vs. 7-8% prior)," the broker said.

While it believes Abercombie remains "well positioned to drive growth ahead" and that the share's valuation is attractive, headwinds relating to freight, inflation, and FX weighing on future sales and margins have led it to reduce its estimates.

Copyright (c) 2022 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.