Barclays upgraded Abercrombie & Fitch (ANF) to Equalweight from Underweight. The bank raised its price target for the retailer to $114 from $78.
Analysts cite a more balanced risk-to-reward profile for the company. Easing tariff pressures are expected to provide tailwinds in fiscal 2026. The firm highlighted improved promotional strategies and better inventory alignment with sales trends.
Analyst Adrienne Yih expects sales to accelerate after first-quarter ERP implementation headwinds. The Hollister brand is showing stabilizing trends. This upgrade was part of a broader apparel sector review by Barclays.