Teen clothing retailer Abercrombie & Fitch Co. on Tuesday saw its price target and earnings estimates boosted by analysts at Jefferies & Co.
The company says they now hope to achieve said stocks $85, this means that a massive 49% upside, stock 56.99 $Monday closing price.
Jefferies also increased its earnings estimates for the company, the company also has popular Hollister and gilly hicks brand, in order to promote the company sales in the U.S. maintain its "buy" rating stocks.
Abercrombie shares rose 80 cents, or +1.4%, in premarket trading Tuesday.
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