Abercrombie Upgraded at Sterne Agee (ANF)

Sterne Agee reported on Wednesday that they have increased their rating on apparel company, Abercrombie & Fitch Co.(ANF).

The firm has given the company a “Buy” rating and $62 price target. This price target suggests a 23% upside to the stock’s current price of $47.67. Analysts have increased ANF’s rating due to recent channel checks.

Abercrombie & Fitch shares were mostly flat during premarket trading Wednesday. The stock has increased 6% in the past year.

The Bottom Line
Shares of Abercrombie & Fitch (ANF) have a 1.47% dividend yield, based on last night’s closing stock price of $47.67. The stock has technical support in the $40-$42 price area. If the shares can firm up, we see overhead resistance around the $49-$50 price levels.

Abercrombie & Fitch Co.(ANF) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here