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Fly News Breaks for June 16, 2016
ANF
Jun 16, 2016 | 08:36 EDT
Stephens analyst Rick Patel upgraded Abercrombie & Fitch to Equal Weight, citing the stock's recent pullback and his belief that softness is baked into Street expectations at these levels. The analyst noted that his firm's checks indicate prices are flat at the A&F brand and down mid to high-single-digits at Hollister in Q2 to-date.
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