Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Abercrombie Fitch (ANF) and Gap (GPS).
Abercrombie Fitch (ANF)
In a report released today, David Buckley CFA from Merrill Lynch maintained a Sell rating on Abercrombie Fitch, with a price target of $18.00. The company’s shares closed last Wednesday at $22.58.
According to TipRanks.com, CFA is a 2-star analyst with an average return of 3.6% and a 70.0% success rate. CFA covers the Consumer Goods sector, focusing on stocks such as Children’s Place, American Eagle, and Five Below.
Currently, the analyst consensus on Abercrombie Fitch is a Hold with an average price target of $20.70.
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Gap (GPS)
In a report released today, Lorraine Hutchinson from Merrill Lynch maintained a Hold rating on Gap, with a price target of $27.00. The company’s shares closed last Wednesday at $21.65.
According to TipRanks.com, Hutchinson is a 4-star analyst with an average return of 6.3% and a 56.7% success rate. Hutchinson covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Urban Outfitters, and Capri Holdings.
Currently, the analyst consensus on Gap is a Moderate Buy with an average price target of $23.75, which is a 4.5% upside from current levels. In a report released today, Citigroup also downgraded the stock to Hold with a $27.00 price target.
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