Piper Jaffray Lowers Price Target For Abercrombie & Fitch Co. (ANF)

Analysts at Piper Jaffray have released an update on Abercrombie & Fitch Co. ANF. The company reported its first-quarter results on Tuesday. Abercrombie & Fitch’s first-quarter results were in-line with estimates. Also, management’s comments suggest that the company is making steady progress in improving its domestic margins and to accelerate international expansion plans. Analysts at Piper Jaffray have maintained their Overweight rating for Abercrombie & Fitch Co. The price target for the company has been lowered from $55 to $54.