Not Guilty Plea From Ex-Abercrombie CEO Jeffries - Faces $10M Bond And House Arrest
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 26 2024
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Source: Benzinga
Mike Jeffries' Legal Issues: Former Abercrombie & Fitch CEO Mike Jeffries has pleaded not guilty to 16 federal charges related to sex trafficking and interstate prostitution, alongside his partner Matthew Smith and another man, Jim Jacobson, who were also arrested in the investigation.
House Arrest and Company Performance: Jeffries will be under house arrest with limited movement allowed, while Abercrombie & Fitch is set to report its third-quarter results, with analysts projecting earnings of $2.36 per share and revenues of $1.18 billion.
Analyst Views on CGV
Wall Street analysts forecast CGV stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CGV is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 15.900
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
