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Fly News Breaks for May 24, 2016
TGT, LB, ANF
May 24, 2016 | 07:23 EDT
After Abercrombie & Fitch (ANF) hired two new brand presidents, SunTrust notes that one came from L Brands' (LB) Victoria's Secret, while the other one most recently worked at Target (TGT). The firm says that "both have significant retail leadership experience," and it calls the hirings "impressive." SunTrust adds that its recent checks of Abercrombie & Fitch stores have also been impressive. It keeps a $35 price target and Buy rating on the shares.