Abercrombie & Fitch on the REBOUND and 4 Stock Analyses to Follow
Target Corp. (NYSE:TGT) price target was increased by BMO Capital after the company reported higher EPS for Q2 than expected. The firm believes that the base business of the company is stable to improving, and it keeps an Outperform rating on the stock.
(:MTSI): According to Barclays, M/A-COM expectations were reset, and the company has several opportunities to improve its pipeline and products. Shares have an Overweight rating and a $20 price target, down from $23.
Abercrombie & Fitch Co. (NYSE:ANF): Cowen claims that Abercrombie & Fitch is still a compelling value despite globally challenged in-store fundamentals. The firm stated that the company’s free cash flow and valuation undervalues its long-term growth potential, and it expects cleaner inventories along with easing comparisons to help throughout the next several quarters. Shares have an Outperform rating.
Applied Materials Inc. (NASDAQ:AMAT) reported in-line results for Q3 and provided lower Q4 EPS guidance than expected. DA Davidson believes that the company’s business will rebound during Q1, providing there is a catalyst for the stock. The firm thinks that the company possesses several mid-to-long term growth drivers, and it keeps a $17 target and Buy rating on the stock.
Abercrombie & Fitch Co. (NYSE:ANF): According to FBR Capital, the worst could be over for Abercrombie & Fitch with the company aggressively reducing inventories and slowing new store openings. FBR believes that think sell-side estimates will go up for the first time in nine months. The firm keeps an Outperform rating on the stock, but it raises its price target for shares to $45 from $40. Also to be noted, shares of Abercrombie & Fitch were upgraded this morning at Wedbush and downgraded this morning at Macquarie.
Don’t Miss: Is This How Apple Will Actually Do TV?
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.