Wunderlich Securities Downgrades Abercrombie & Fitch (ANF) to Sell

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BofA/Merrill Lynch Downgrades Abercrombie & Fitch (ANF) to Underperform

February 9, 2015 6:23 AM EST

BofA/Merrill Lynch downgraded Abercrombie & Fitch (NYSE: ANF) from Neutral to Underperform with a price target of $20.00 (from $30.00) saying FX compounds European margin drop.

Analyst Lorraine Hutchiinson said they expect Street earnings expectations to fall dramatically. The firm now sees 2015 EPS of... More