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Fly News Breaks for January 23, 2018
ANF
Jan 23, 2018 | 08:38 EDT
BMO Capital analyst John Morris raised his price target on Abercrombie & Fitch to $22 after the company raised its Q4 comps outlook. Morris notes that the company's plans for an investor day in late April suggest that the management is comfortable enough to meet with shareholders. The analyst keeps his Market Perform rating on Abercrombie & Fitch, saying the stock is fairly valued, with "a lot of work ahead" in right-sizing the company.
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