Goldman Sachs Resumes Abercrombie & Fitch (ANF) at Neutral

Goldman Sachs resumes coverage on Abercrombie & Fitch (NYSE: ANF) with a Neutral. PT $54.00.

"Our near-term tactical bias is constructive, as we see healthy margin upside from cotton deflation, new store mix as more European stores are opened, and good
merchandise positioning into holiday," the analyst comments. "Longer term our view is less certain given some questions on strategic initiatives and the impact to brand in both the US and Europe."

For an analyst ratings summary and ratings history on Abercrombie & Fitch click here. For more ratings news on Abercrombie & Fitch click here.

Shares of Abercrombie & Fitch closed at $47.31 yesterday.

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