Abercombie: Wedbush almost doubles target price
(CercleFinance.com) - Wedbush reinstates its "outperform" rating on Abercombie & Fitch shares, having almost doubled its corresponding target price from 18 dollars to 33 dollars, representing 18.
9x its 2021 EPS estimate, which it has raised to 1.75 dollar, against a consensus of 1.23 dollar.
After a Q4 publication that was deemed "impressive", with adjusted EPS of 1.50 dollar, above the consensus of 1.22 dollar, the broker expects the clothing chain to report a loss of just 48 cents per share in Q1 2021.
Copyright (c) 2021 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.
9x its 2021 EPS estimate, which it has raised to 1.75 dollar, against a consensus of 1.23 dollar.
After a Q4 publication that was deemed "impressive", with adjusted EPS of 1.50 dollar, above the consensus of 1.22 dollar, the broker expects the clothing chain to report a loss of just 48 cents per share in Q1 2021.
Copyright (c) 2021 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.