Piper Jaffray Raises Price Target On Abercrombie & Fitch To $86

According to Piper Jaffray, Abercrombie & Fitch ANF Overweight rating is reiterated. Piper Jaffray said that it is reiterating its Overweight rating on shares of ANF following a better-than-expected SSS report in which the company delivered a +9% comp sales gain, ahead of the 5.5% and consensus 6.2% estimate. “Raising Estimates On Stronger Sales; PT To $86.” Abercrombie & Fitch closed yesterday at $67.40.