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Fly News Breaks for May 27, 2016
ANF
May 27, 2016 | 08:07 EDT
After Abercrombie reported weaker than expected results, SunTrust says the miss "reflects weak traffic across international and domestic flagship/tourist stores." However, the firm says that comp sales in other locations improved, while the gross margins of both the company's divisions rebounded. The firm thinks that the company's recent initiatives should start to bear fruit in 2H16, and it recommends buying the stock on weakness.
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