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Fly News Breaks for May 25, 2017
ANF
May 25, 2017 | 15:56 EDT
Wunderlich said Abercrombie & Fitch's Q1 report illustrated traction in the mid-price Hollister brand, but highlighted weak overall sales and margins trends that will continue to depress earnings power and intrinsic value. The firm's analyst would like to see tangible evidence of trends improving and expects intrinsic value of the company may still remain well below current valuations. Shares are Sell rated.
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