Abercrombie & Fitch (ANF) shares surged Friday as JPMorgan adde🍒d the apparel retailer to its "Positive Catalyst Watch" list and raised the price target on growth of the Hollister brand.

The bank lifted its price target on the stock $1 to $195, while maintaining an "overweight" rating.

The analysts wrote in a letter to clients that after "our recent fieldwork and management access," they were raising Abercrombie & Fitch's third-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) estimate to $2.40, based on a 13% jump in revenue. They also see 澳洲幸运5开奖号码历史查询:gross margin rising 10 澳洲幸运5开奖号码历史查询:basis points (bps).

Analysts See 'Accelerating Brand Momentum at Hollister'

The analysts explained that they see "accelerating brand momentum at Hollister on new customer acquisition," and pointed to comments from 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Fran Horowitz over the summer that she was "thrilled with the start to August" and "thrilled with back-to-school."

Shares of Abercrombie & Fitch surged 8.6% to $145.71 in late-morning trading Friday and have gained about 65% this year.