Janney Capital Downgrades Abercrombie & Fitch (ANF) to Sell
- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
- Q1 US GDP shows surprise slowing and uncomfortable inflation
- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil settles higher as weak U.S. economic growth offset by supply concerns
- 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
- After-hours movers: Alphabet, Microsoft, Snap, Intel, and more
- 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
Cowen Raises Price Target on Abercrombie & Fitch (ANF) Following Q1
May 29, 2015 7:44 AM EDTCowen maintains a Market Perform rating on Abercrombie & Fitch (NYSE: ANF), and raised the price target to $23.00 (from $20.00), following Q1 results. ANF reported EPS of $(0.53) vs. Streets $(0.34)
Analyst Oliver Chen commented, "Mgmt is committed to driving turnaround & outlook incl. sequentially improving comps in... More
Stifel Sidelined on Abercrombie & Fitch (ANF) Until Merchandise Turnaround Becomes Clearer
May 28, 2015 8:58 AM EDTStifel reaffirms its Hold rating on Abercrombie & Fitch Co. (NYSE: ANF) following Q1 results issued earlier on the session. ANF posted Q1 loss of $0.53 per share versus the firm's $0.39 per share loss estimate.
Analyst Richard Jaffe commented, Poor results were driven by the anniversarying of a difficult comparison in the logo apparel... More
Abercrombie & Fitch (ANF) Misses Q1 EPS by 19c, Comps Decline 8%
May 28, 2015 7:37 AM EDTAbercrombie & Fitch (NYSE: ANF) reported Q1 EPS of ($0.53), $0.19 worse than the analyst estimate of ($0.34). Revenue for the quarter came in at $709 million versus the consensus estimate of $730.08 million. Comps declined 8%.
The Company said it currently expects:
Continued headwinds from foreign currency exchange... More