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Fly News Breaks for August 16, 2019
ANF, AEO
Aug 16, 2019 | 06:59 EDT
Citi analyst Paul Lejuez looked across his Retail universe to consider "possible winning combinations that make sense in this environment." One deal stood out, and that's American Eagle (AEO) and Abercrombie & Fitch (ANF) combining, Lejuez tells investors in a research note. It makes sense for both companies "to wed, creating a teen powerhouse," says the analyst.
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