The firm's price target was also hiked from $56.00 to $65.00.
Shares of the company are 0.43% higher in afternoon trading at $58.30.
On October 19, 2010, Abercrombie & Fitch was downgraded two notches to Sell from Hold at Brean Murray.
Abercrombie & Fitch had sales growth of 0.2% during the last fiscal year.
The company has reported $3.3 billion in sales over the past 12 months and is expected to repo
Abercrombie & Fitch Co.'s (NYSE:ANF) rating was given a boost by an analyst at Wall Street Strategies on Thursday, who lifted the retailer from Hold to Buy, reports Street Insider.