BMO Capital reported on Tuesday that they have increased their rating on teen apparel maker Abercrombie & Fitch Co. (ANF).

The firm upgraded ANF to an “Outperform,” and gave the company a $61 price target. This price target suggests an 18% increase from the stock’s current price of $49.88.

Analysts have raised their rating on the company due to a better domestic outlook.

Abercrombie & Fitch shares were up 46 cents, or 0.93% during Tuesday morning trading. The stock has increased 6% in the past year.

The Bottom Line
Shares of Abercrombie & Fitch Co. (ANF) have a 1.41% yield, based on Monday’s closing price of $49.77.

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.