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Argus Lifts Abercrombie Stock Outlook as Citi Turns Cautious

Abercrombie & Fitch logoAbercrombie & Fitch
Sig1.85Sen+2.65Env0.00Soc0.00Gov0.00

Argus upgraded Abercrombie & Fitch to Buy and set a $162 price target, citing momentum from both brands and management efforts to put them on a more sustainable footing. Citi simultaneously downgraded the stock to Neutral after last week’s strong quarterly results drove a sharp rally. Shares hover near $150 as investors weigh further upside versus potential profit-taking.

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