
Abercrombie & Fitch has been added to JPMorgan's Positive Catalyst Watch list, leading to a rise in its shares. The company has seen an acceleration in momentum across its core Abercrombie brand and Hollister division, driven by a strong back-to-school season. JPMorgan has rated the stock as Overweight with a price target of $195. The stock has experienced a significant breakout, rising 8.5%, and has seen buyers of 780 January $145 calls at $18.50 to $18.60. Year-to-date, Abercrombie stock is up 60%, reflecting growing brand momentum.
Abercrombie Stock, Up 60% YTD, Rides Growing Brand Momentum, Says JPMorgan https://t.co/KmyphQfQAt
Abercrombie $ANF big breakout up 8.5% and sees buyers of 780 January $145 calls at $18.50 to $18.60..
Abercrombie & Fitch $ANF added to JPMorgan's Positive Catalyst Watch, shares edge up https://t.co/Zgz8Y3o13g https://t.co/AYi7GzLbmN