Abercrombie & Fitch (ANF) Posts Q2 adj.-EPS of 12c; Brand Comps Fell 8%
- Futures falter as Meta Platforms weighs on megacaps
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen at multi-decade lows, dollar drops before US data
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- 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
- Crude Inventory Declined 6.4 Million Barrels Last Week
- 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
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
UBS Cuts Price Target on Abercrombie & Fitch (ANF) to $20 Following 2Q15
August 27, 2015 9:03 AM EDTUBS reiterated a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $20.00 (from $22.00), following the company's 2Q15 earnings report. UBS analysts believe that they are getting closer to a comp inflection at ANF. UBS is lowering 2H estimates for 3Q EPS to $0.44 from... More
Stifel Upgrades Abercrombie & Fitch (ANF) to Buy; Merchandise Improvements, Reduced Cost Structure Bode Well for Company
August 26, 2015 4:28 PM EDTStifel is upgrading Abercrombie & Fitch (NYSE: ANF) from Hold to Buy with a price target of $24
Analyst Richard Jaffe noted an improved merchandise assortment and restructured and "greatly" reduced cost structure.
Jaffe commented:
Our outlook regarding ANF shares has grown more... More