Abercrombie: shares up; Wedbush raises price target
(CercleFinance.com) - Shares in US teen fashion retailer Abercrombie & Fitch gain 2.
2 percent to 19.7 dollars after Wedbush raises its price target for the stock to 19 dollars from 17 dollars, citing "momentum into new year", while keeping a "neutral" rating on the stock.
The brokerage firm says in a note to clients that holiday reads show that the group's brands are running lower promotions throughout the holiday, with data even forecasting “upside” to consensus.
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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.
2 percent to 19.7 dollars after Wedbush raises its price target for the stock to 19 dollars from 17 dollars, citing "momentum into new year", while keeping a "neutral" rating on the stock.
The brokerage firm says in a note to clients that holiday reads show that the group's brands are running lower promotions throughout the holiday, with data even forecasting “upside” to consensus.
Copyright (c) 2018 CercleFinance.com. 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.