Abercrombie & Fitch Co. (ANF) Tops Q3 EPS by 7c; Guides In-Line

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Wells Fargo Downgrades Abercrombie & Fitch (ANF) to Market Perform

November 22, 2013 7:04 AM EST

Wells Fargo downgraded Abercrombie & Fitch (NYSE: ANF) from Outperform to Market Perform and cut its valuation range to $33-36 (from $43-45).

"Although we have been extremely cautious on the teen space as a whole due to its competitive profile, we were... More