Abercrombie Upgraded to “Buy” at Wall Street Strategies (ANF)

Filed in dividend, Gold Investment, o, shares, target, upgrade by on December 31, 2010 1 Comment

Teen clothing retailer Abercrombie & Fitch Co. ( ANF ) on Friday saw its rating and price target boosted by analysts at Wall Street Strategies. The firm upgraded ANF from “Hold” to “Buy” and raised its price target from $56 to $65. That new target implies a 12% upside to the stock’s Thursday closing price of $58.11. Abercrombie shares were mostly flat in premarket trading Friday. The Bottom Line Shares of Abercrombie & Fitch ( ANF ) have a 1.20% dividend yield, based on last night’s closing stock price of $58.11. The stock has technical support in the $55 price area. If the shares can firm up, we see overhead resistance around the $60-$61 price levels. Abercrombie & Fitch Co. ( ANF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Abercrombie Upgraded to “Buy” at Wall Street Strategies (ANF)

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