Abercrombie & Fitch (ANF) shares surged Friday as JPMorgan added the apparel re🐻tailer to its "Positive Catalyst Watch" list and raised the price target on growth of the Holli🅘ster 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官方开奖结果体彩网:earnings per share (EPS) estimate to $2.40, based on a 13% jump in revenue. They also see 澳洲幸运5官方开奖结果体彩网:gross margin rising 10 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网: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.