Major Stock Upgrades (ANF, GPS, UBS) :by PennyStockPickReport.com

Abercrombie & Fitch Co. (NYSE:ANF) shares fell 0.17% to $34.98 following the stock was upgraded by BMO Capital to “Outperform” from “Market Perform.”  The firm also set a price target of $43.

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The median Wall Street price target on the stock is $41 and the high target is set at $75 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $36.56 and $39.13 respectively.

Abercrombie & Fitch Co. (A&F) through its subsidiaries, is a specialty retailer that operates stores and direct-to-consumer operations selling casual sportswear apparel, including knit and woven shirts, graphic t-shirts, fleece, jeans and woven pants, shorts, sweaters.

Shares of The Gap Inc. (NYSE:GPS) are seeing increased buying pressure following Wells Fargo Securities upped the company’s rating to “Outperform” from “Market Perform.” And set a valuation range of $20-$22.

The firm said "At 9x PE and 3.7x EV/EBITDA (trough valuation vs. history), with the stock near a 52-week low and short interest double where it was 2.5 months ago, we believe investors are worried that consensus is too high given merchandise margin began declining from peak levels and comps slowed in FQ2 and are getting tougher. We think estimates are achievable and don't believe EPS will be down next year."

Shares of GPS climbed 2.90% to $17.39 on very heavier than the average volume.

The Gap, Inc. is a global specialty retailer offering clothing, accessories, and personal care products for men, women, children, and babies under the Gap, Old Navy, Banana RePiperlime, and Athleta brands.

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UBS AG (USA) (NYSE:UBS) was upgraded by Nomura Securities to “Buy” from “Neutral”.

The median Wall Street price target on the stock is $18.46 and the high target is set at $19.93 with majority of analysts have a Hold rating on the company’s stock. The stock has the 50- Day Moving Average and 200-Day Moving Average prices of $16.16 and $15.01 respectively.

Shares of UBS rose 1.45% to $16.79 in the opening session.

UBS AG is a client-focused financial services company that offers a combination of wealth management, asset management and investment banking services on a global and regional basis.

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