Telsey Advisory Group Maintains Outperform Rating for Abercrombie & Fitch: Here's What You Need To Know

Telsey Advisory Group has decided to maintain its Outperform rating of Abercrombie & Fitch ANF and raise its price target from $62.00 to $74.00.

Shares of Abercrombie & Fitch are trading up 3.1% over the last 24 hours, at $68.45 per share.

A move to $74.00 would account for a 8.11% increase from the current share price.

About Abercrombie & Fitch

Abercrombie & Fitch Co is a specialty retailer that sells casual clothing, personal-care products, and accessories for men, women, and children. It sells direct to consumer through its stores and websites, which include the Abercrombie & Fitch, Abercrombie kids, and Hollister brands. Most stores are in the United States, but the company does have many stores in Canada, Europe, and Asia. All stores are leased. Abercrombie ships to well over 100 countries via its websites. The company sources its merchandise from dozens of vendors that are primarily located in Asia and Central America. Abercrombie has two distribution centers in Ohio to support its North American operations. It uses third-party distributors for sales in Europe and Asia.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.