Abercrombie Target Increased and 3 Stock Analyses to Note
Williams-Sonoma Inc. (NYSE:WSM): According to Jefferies, the pullback in Williams-Sonoma shares as a result of the company’s weaker Q4 guidance than predicted is possibly short lived. The firm is convinced that Williams-Sonoma’s Q3 results provide confidence in the company’s margin outperformance in the future. The firm keeps its Buy rating and raises its price target to $52 from $48 and on the stock.
Abercrombie & Fitch Co. (NYSE:ANF) target has been raised by RBC Capital after the company reported higher Q3 EPS than predicted. However, the firm continues to believe that the company needs to do more to achieve overall positive comps and sustained improvement. The firm keeps its Sector Perform rating on the stock.
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Abbott Laboratories (NYSE:ABT): After speaking with an expert, RBC Capital thinks that Abbott’s treatment has the ability to easily obtain a 10 percent share of the global HCV market, but the firm thinks that Gilead (NASDAQ:GILD) will dominate the market. The firm keeps its Outperform rating on the stock
Whole Foods Market, Inc. (NASDAQ:WFM): Piper Jaffray believes that the pullback in the company’s shares is due to the company’s in-line Q4 earnings performance and its Q1-to-date comp which slowed 120 basis points sequentially. Piper views these concerns as being overblown and sees an opportunity at current share levels. The firm keeps its Overweight rating and a $105 price target on the stock.