Wedbush Reports New Higher PT Of $82 On Abercrombie & Fitch

According to Wedbush, Abercrombie & Fitch ANF is seeing a new higher price target of $82. Wedbush said that following YTD share outperformance and appreciation on the Q1 beat, it recommends investors trim their positions as it anticipates potential Q2 downside from current consensus estimates due to higher product costs and timing of price increases scheduled for Q3 along with pre-opening expenses for planned openings. Abercrombie & Fitch closed yesterday at $75.69.