BMO Capital Upgrades Abercrombie & Fitch (ANF) to Outperform

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Abercrombie & Fitch (ANF) 70% Off Promotion Pre-Planned and Not Concerning

January 28, 2013 2:24 PM EST

This weekend Abercrombie & Fitch (NYSE: ANF) ran a 70 percent off redline promotion, which may have created some concern for investors worried about the impact on earnings. Commenting on the development, analyst Adrienne Tennant of Janney Capital said the promotion should not be alarming.
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