Why Abercrombie and Fitch (ANF) Stock Is Up In Pre-Market Trading

NEW YORK (TheStreet) -- Shares of Abercrombie and Fitch (ANF) are up 1.51% to $42.95 in pre-market trading on Friday after Jefferies (JEF) raised its price target to $60.00 from $50.00, and reiterated its "buy" rating.

Jefferies said the preppy retailer is "well positioned" into the summer and back to school shopping seasons.

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Separately, TheStreet Ratings team rates ABERCROMBIE & FITCH as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ABERCROMBIE & FITCH (ANF) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

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