This morning, Morgan Stanley raised its price target on shares of Abercrombie & Fitch (NYSE:ANF) to $45 as earnings momentum from the clothing retailer should propel the stock price higher. With the higher price target, Morgan Stanley maintained its equal weight rating.
Shares of ANF were higher on the news, picking up 1.3% so far.
UBS raised its price target on shares of FedEx (NYSE:FDX) to $111 as the logistics company should be able to grow its margins in the current economic environment. In the report, UBS reiterated its buy rating on the stock.
Shares of FedEx were modestly higher on Wednesday, gaining 0.3% today.
And Goldman Sachs increased its price target on shares of Gamestop (NYSE:GME) to $23 as the company has committed to buying back more stock than originally anticipated. With the $23 price target, Goldman Sachs maintained its neutral rating.
Shares of GME were sharply higher this morning, picking up 5.4% on the news.
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