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Fly News Breaks for May 25, 2017
ANF, AEO
May 25, 2017 | 07:55 EDT
Evercore ISI analyst Omar Saad added a new 4% American Eagle (AEO) Long Position and a new 2% Abercrombie & Fitch (ANF) Long Position in the Model Portfolio following reports of merger discussions between the two companies. Saad believes a merger is more compelling than the market anticipates and will create a stronger, more flexible platform that can navigate shifts occurring across retail.
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