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Fly News Breaks for August 31, 2017
ANF
Aug 31, 2017 | 07:33 EDT
RBC Capital analyst Brian Tunick upgraded Abercrombie & Fitch to Sector Perform and raised its price target to $14 from $12 saying a return to profitability in the second half of 2017 is more likely following following Q2's (1%) comp and second half outlook for flat to slightly positive comps suggest that turnaround efforts are yielding results faster than anticipated. Tunick said improvements to the business and second half tailwinds are getting harder to ignore but adds long-term EBIT margin profile is a moving target.
News For ANF From the Last 2 Days
ANF
Apr 26, 2024 | 12:05 EDT
Bullish option flow detected in Abercrombie & Fitch with 2,715 calls trading, 1.2x expected, and implied vol increasing almost 2 points to 57.10%. 4/26 weekly 103 calls and 5/3 weekly 103 calls are the most active options, with total volume in those strikes near 800 contracts. The Put/Call Ratio is 0.52. Earnings are expected on May 29th.
