ANF Abercrombie and Fitch Co

Teen retailer Abercrombie & Fitch Co.'s (ANF) 12-month price target was raised by Jefferies & Co. analyst Randal Konik on Monday to $75 a share from $50. After a recent meeting with the retailer's management in London, he said the company's U.S. business is on a "solid path of improvement" while its international business should continue to be the sales "growth driver" and is more "powerful" than many has estimated. He said international could be near 25% of Abercrombie & Fitch's sales and 50% of its profit in 2011. The company's shares were up 1.5% in pre-market trading.

-By Andria Cheng, 415-439-6400; AskNewswires@dowjones.com