DA Davidson analyst John Morris lowered the firm's price target on Abercrombie & Fitch to $15 after its Q4 earnings, noting that while the results were "strong across the board" with increased demand for fashion merchandise, the company was also one of the first retailers to quantify the impact of coronavirus. The analyst is also keeping his Neutral rating on the stock, saying that the management's maintained revenue guidance for FY21 of flat to up 2% assumes re-acceleration in the second half of the year, even though the company is sources approximately 22% of its merchandise from China.