UPDATE - UBS Upgraded Abercrombie & Fitch (ANF) to Buy; European Tour Sets Stage for 2H Improvement
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Price: $54.32 +0.39%
Rating Summary:
20 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 24 | New: 29
Rating Summary:
20 Buy, 12 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 19 | Down: 24 | New: 29
Trade ANF Now!
UPDATE - UBS upgraded Abercrombie & Fitch (NYSE: ANF) from Neutral to Buy. PT raised from $51 to $66.
Analyst, Roxanne Meyer, said, "We are upgrading ANF given a more favorable risk/reward assessment with better upside potential to EPS estimates in 2012 and beyond. Our constructive view is based on: 1) US trends inline with muted expectations given Q1 industry strength and our recent store checks which reflect a moderation of YOY promo levels, 2) our belief that European trends are stabilizing, and 3) our analysis of the impact of US store closings/growth of higher margin int’l and DTC over the next few yrs highlights conservatism in our (upwardly revised) base-case."
"We are raising our ‘12 estimate to $3.65 from $3.53, ’13 estimate to $4.70 from $4.66."
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Analyst, Roxanne Meyer, said, "We are upgrading ANF given a more favorable risk/reward assessment with better upside potential to EPS estimates in 2012 and beyond. Our constructive view is based on: 1) US trends inline with muted expectations given Q1 industry strength and our recent store checks which reflect a moderation of YOY promo levels, 2) our belief that European trends are stabilizing, and 3) our analysis of the impact of US store closings/growth of higher margin int’l and DTC over the next few yrs highlights conservatism in our (upwardly revised) base-case."
"We are raising our ‘12 estimate to $3.65 from $3.53, ’13 estimate to $4.70 from $4.66."
To see more ratings on ANF, Click Here
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