Abercrombie & Fitch Catches Negative Calls from Multiple Analysts (ANF)

By Dividend.com Staff,

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Teen clothing retailer Abercrombie & Fitch Co. ( ANF ) on Thursday received some bearish commentary from analysts at three major Wall Street firms.

The multiple negative calls came on the heels of Abercrombie's disappointing first quarter earnings report. The three firms weighing in on the quarter include:

  • Wells Fargo, who downgraded ANF to "Market Perform" while lowering its earnings estimates,
  • UBS, who cut their price target to $60 and lowered their estimates (but maintained a "Buy" rating), and
  • Citigroup, who removed the stock from its "Top Picks Live" list while cutting its price target and earnings estimates.

Abercrombie & Fitch shares posted small losses in premarket trading Thursday.

The Bottom Line
Shares of Abercrombie & Fitch ( ANF ) have a 1.77% dividend yield, based on last night's closing stock price of $39.50. The stock has technical support in the $34-$35 price area. If the shares can firm up, we see overhead resistance around the $45 price level.

Abercrombie & Fitch Co. ( ANF ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.0 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing Stocks
Referenced Stocks: ANF

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