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Fly News Breaks for November 27, 2019
AEO, ANF
Nov 27, 2019 | 06:30 EDT
Citi analyst Paul Lejuez says Abercrombie & Fitch (ANF) shares remain "too cheap to ignore" following the company's in-line Q3 results. Abercrombie is "holding its own in a difficult retail environment" and the weakness at Hollister seems transitory, Lejuez tells investors in a research note. "Eventually another company will take notice," adds the analyst, who believes American Eagle (AEO) makes the most sense as an acquirer of Abercrombie. The analyst keeps a Buy rating on the latter.
News For ANF;AEO From the Last 2 Days
ANF
Apr 26, 2024 | 12:05 EDT
Bullish option flow detected in Abercrombie & Fitch with 2,715 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 57.10%. 4/26 weekly 103 calls and 5/3 weekly 103 calls are the most active options, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 29th.
