From Yahoo Finance: 2025-05-28 13:24:00

Raymond James analyst Rick Patel lowered his price target for Abercrombie & Fitch Co. (ANF) from $110 to $90, citing concerns about tariffs and flaws in the A&F brand. Despite maintaining an Outperform rating, Patel expressed caution due to potential challenges. The A&F brand saw a decrease in most checks quarter-over-quarter, with Abercrombie & Fitch’s Hollister brand performing better. The company is expected to face significant tariff headwinds, estimated at about 200 basis points annually. Patel expressed skepticism about ANF’s ability to raise prices successfully due to its younger customer base. However, he noted that the stock price already reflects much of the negative news and highlighted long-term growth and margin expansion opportunities. While ANF may have growth potential, some AI stocks may offer higher returns with limited downside risk. For investors seeking promising AI stocks, check out a report on the cheapest AI stock.



Read more at Yahoo Finance: Abercrombie & Fitch (ANF) Price Target Trimmed by Raymond James Amid Tariff Concerns