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Fly News Breaks for June 15, 2016
ANF
Jun 15, 2016 | 05:45 EDT
Deutsche Bank analyst Tiffany Kanaga upgraded Abercrombie & Fitch to Hold saying the shares, after dropping 35% since April 26, now fully reflect the retailer's international struggles as well as ongoing challenges in the U.S. The analyst lowered her FY17 estimate for Abercrombie to $1.02, below the consensus of $1.14, to reflect a more negative view around longer-term international traffic trends. She keeps a $20 price target for the shares.
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