Abercrombie & Fitch's modeled fair value has been lifted from US$122.00 to US$163.55, a roughly 34% increase, alongside a wave of analyst price target changes. BMO Capital initiated coverage at Outperform with a US$170 target, Argus moved to Buy with a US$162 target after Q2 results, and UBS, Jefferies and Goldman Sachs raised their targets to US$153, US$135 and US$124 respectively. Barclays upgraded to Equal Weight with a US$114 target, citing reduced tariff pressure and healthier promotions, while Raymond James stepped back to Market Perform without a target, flagging mixed same store sales. The updated model raised the revenue growth assumption from 3.68% to 4.84%, the net profit margin assumption from 8.57% to 8.99%, and the future P/E multiple from 11.53x to 12.95x, while cutting the discount rate from 8.84% to 8.67%.
Barclays PLC
Goldman Sachs Group Inc
Jefferies Financial Group Inc
Raymond James Financial Inc.
UBS Group AGAbercrombie & Fitch CompanyAnalysts lifted Abercrombie & Fitch's fair value to US$163.55 and multiple firms raised price targets/upgraded the stock.
