Goldman Sachs Removes Abercrombie & Fitch (ANF) from Conviction Buy List

Goldman Sachs removed Abercrombie & Fitch (NYSE: ANF) from its Conviction Buy List and trimmed its price target from $90 to $88. The firm maintained their Buy rating.

While the firm continues to see ANF AS among the highest potential names in the sector, share performance and macro uncertainty suggests less upside.

Goldman notes that Abercrombie & Fitch's brand awareness rivals category leader peers like Ralph Lauren (NYSE: RL). In addition, the company's sales growth ranks in the top decile across their coverage.

For more ratings news on Abercrombie & Fitch click here and for the rating history of Abercrombie & Fitch click here.

Shares of Abercrombie & Fitch closed at $74.24 yesterday.

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