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Fly News Breaks for August 15, 2016
ANF
Aug 15, 2016 | 08:32 EDT
Stifel analyst Richard Jaffe believes that the 18% decline in Abercrombie & Fitch's stock this year is overdone, as he remains upbeat on the company's Hollister brand and says that the flagship Abercrombie & Fitch stores have shown improved results sequentially. Moreover, he thinks that the company's investments will begin to bear fruit. Jaffe expects the company to make positive comments on back-to-school selling trends on its Q2 conference call, and he keeps a Buy rating on the shares.
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