Abercrombie: Jefferies still a buyer

(CercleFinance.com) - Following a meeting with management, Jefferies analysts are increasingly upbeat about Abercrombie shares.


"While we are taking down estimates modestly given near-term supply chain challenges, we believe these issues are transitory in nature and could moderate as we move through 2022," the broker said.

"Despite these challenges, the company witnessed strong traction in its offering during the Holidays, suggesting continued runway for growth ahead," Jefferies added.

The analyst maintains his Buy recommendation on the stock, with a target price of 50 dollars.


Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.