Abercrombie & Fitch: up, broker raises target
The broker recalls that holiday sales were strong, driven by solid gains in the women's business at both Hollister and A&F, while sales in the men's business were also up at A&F.
"The company still has plenty of room for sales expansion, particularly as we expect a turnaround in Hollister's men's business," adds Jefferies, which is also optimistic for an updated Always Forward plan.
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