1344 ET - UBS analysts say feedback has been mixed after it upgraded Abercrombie & Fitch to buy from neutral earlier this month. "While investors have noted valuation looks appealing... near-term uncertainty has kept many on the sidelines," the analysts say. However, UBS believes Abercrombie & Fitch's brands have strengthened their position in specialty retail and their fundamentals remain healthy. The analysts say they expect EPS beats over the near-term to catalyze the stock towards their $220 price target. Abercrombie & Fitch rises 1.8% to $121.73. (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
January 28, 2025 13:44 ET (18:44 GMT)
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