Citigroup Downgrades Abercrombie & Fitch to Neutral, Raises Price Target to $156
Citigroup analyst Paul Lejuez downgrades Abercrombie & Fitch (NYSE:ANF) from Buy to Neutral and raises the price target from $135 to $156.
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Options markets are pricing major post-earnings moves for Nvidia, Salesforce, CrowdStrike, Okta, Kohls and Abercrombie & Fitch, with implied volatility reaching 13.26%.
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Citigroup analyst Paul Lejuez downgrades Abercrombie & Fitch (NYSE:ANF) from Buy to Neutral and raises the price target from $135 to $156.
Read original at benzingaSeveral major retailers reported stronger-than-expected second-quarter earnings results, driving significant stock price increases. Abercrombie & Fitch surged 35.7% after beating EPS estimates by 24%, while Kohl's, J.M. Smucker, and Williams-Sonoma also exceeded consensus expectations with modest gains.
Read original at zacks-investment-researchBarclays analyst Adrienne Yih maintains Abercrombie & Fitch (NYSE:ANF) with a Equal-Weight and raises the price target from $114 to $155.
Read original at benzingaUBS analyst Mauricio Serna maintains Abercrombie & Fitch (NYSE:ANF) with a Buy and raises the price target from $153 to $185.
Read original at benzingaBath & Body Works (BBWI) exceeded Q2 earnings and sales expectations with adjusted EPS of 62 cents (vs. 24 cents consensus) and net sales of $1,514 million. The company returned to direct sales growth for the first time since 2021, benefiting from improved digital conversion and expanded distribution. BBWI raised its FY'26 adjusted EPS guidance to $2.60-$2.80 and free cash flow to $650 million, driving shares up 7.5%.
Read original at zacks-investment-researchBaird analyst Mark Altschwager maintains Bath & Body Works (NYSE:BBWI) with a Neutral and lowers the price target from $25 to $23.
Read original at benzinga