UPDATE: JP Morgan Raises PT to $48 on Abercrombie & Fitch; Waiting on Comps Clarity
JP Morgan reiterated its Neutral rating on Abercrombie & Fitch (NYSE: ANF ) while raising its price target from $35 to $48. JP Morgan commented, "After setting low enough expectations, ANF stepped over their low sales bar with a "less-worse” -3% comp decline
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