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Mizuho Securities Cuts Price Target on Abercrombie & Fitch (ANF) to $15

November 18, 2016 1:37 PM EST

Mizuho Securities maintained a Neutral rating on Abercrombie & Fitch (NYSE: ANF), and cut the price target to $15.00 (from $20.00), following the company's 3Q earnings report. 3Q EPS of $0.02 missed the Streets $0.20 estimate. Gross margin declined (130) bp due to FX, while lower AUC was... More