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Fly News Breaks for August 30, 2018
ANF
Aug 30, 2018 | 12:11 EDT
William Blair analyst Dylan Carden downgraded Abercrombie & Fitch to Market Perform from Outperform. Carden believes Abercrombie will have a difficult time recovering from their Q2 results into the back half of the year, when both comp and gross margin comparisons become more difficult, and sees the operating environment in Europe remaining challenging. Additionally, Carden sees much of the benefit from potential catalysts and investments being pushed into 2019.
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