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Fly News Breaks for December 23, 2015
ANF
Dec 23, 2015 | 07:17 EDT
After Abercrombie & Fitch announced that it had promoted the president of its Hollister brand to CMO, SunTrust says the new CMO is a "proven leader." The firm, noting that the company continues to forecast a sequential comp improvement in Q4 and expects profits to be in-line with prior expectations, says that Abercrombie is executing well, despite its lack of a CEO. The firm keeps a Buy rating on the shares.
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