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Abercrombie & Fitch (ANF) straddle expensive into Q2 and outlook

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Mizuho Securities Cuts Price Target on Abercrombie & Fitch (ANF) Following 2Q Miss

August 30, 2016 1:21 PM EDT

Mizuho Securities maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $20.00 (from $23.00), following the company's 2Q earnings report. ANF reported EPS of $(0.25), missing the Streets $(0.20) estimate.

Analyst Betty Chen commented, "We are lowering our estimates... More