Wolfe Research Downgrades Abercrombie & Fitch (ANF) to Peerperform (Earlier)
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steadies as US fuel demand concerns face Middle East supply risks
- Dollar sags after US GDP and inflation surprise, except against yen
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Rubrik (RBRK) Prices Upsized 23.5M Share IPO at $32/sh
- Midday movers: Meta, IBM, Caterpillar fall; Chipotle rises
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
FBR Capital Downgrades Abercrombie & Fitch (ANF) to Underperform
November 15, 2016 6:25 AM ESTFBR Capital downgraded Abercrombie & Fitch (NYSE: ANF) from Market Perform to Underperform with a price target of $14.00 (from $19.00) to reflect recent promo trends and stock risk/reward at its current valuation.
Analyst Susan Anderson commented, "We are downgrading ANF to a Underperform from Market Perform... More