Teen clothing retailer abercrombie and fitch Co. saw its price target boosted by analysts at RBC Capital on Tuesday.By Dividend.com Staff
August 11th, 2009
Teen clothing retailer abercrombie and fitch. (ANF) saw its price target boosted by analysts at RBC Capital on Tuesday.
The analyst raised its price target on Abercrombie shares to Shares to $25, citing an improved fashion mix. Abercrombie shares had closed on Monday at $32.28.
RBC currently rates the stock as a “Sector Perform.”
abercrombie and fitch shares fell 60 cents, or -1.9%, in afternoon trading Tuesday.
The Bottom Line
We have been avoiding shares of ANF since our early June coverage began, and the stock was trading at $67.37. The company has a dividend yield of 2.17%, based on last night’s closing stock price of $32.28. The stock has technical support in the $25-$27 price area. If the shares can continue the recent run, we see overhead resistance around the $36 price level. We would remain on the sidelines for now.
Abercrombie & Fitch Co. By Dividend.com Staff
August 11th, 2009
Teen clothing retailer abercrombie and fitch (ANF) saw its price target boosted by analysts at RBC Capital on Tuesday.
The analyst raised its price target on Abercrombie shares to Shares to $25, citing an improved fashion mix. Abercrombie shares had closed on Monday at $32.28.
RBC currently rates the stock as a “Sector Perform.”
abercrombie and fitch shares fell 60 cents, or -1.9%, in afternoon trading Tuesday.
The Bottom Line
We have been avoiding shares of ANF since our early June coverage began, and the stock was trading at $67.37. The company has a dividend yield of 2.17%, based on last night’s closing stock price of $32.28. The stock has technical support in the $25-$27 price area. If the shares can continue the recent run, we see overhead resistance around the $36 price level. We would remain on the sidelines for now.
Abercrombie & Fitch Co. (ANF)
