RBC Capital analyst Kate Fitzsimmons lowered her price target on Abercrombie & Fitch to $17, saying that while the company beat on Q2 earnings with better margins, its forecast for the second half highlighted a tougher environment and headwinds around FX rates and trade tensions. The analyst believes that the management will make appropriate moves to generate improvements next year, but also sees multiple expansion as unlikely because of her continued forecast for negative guidance revisions. Fitzsimmons keeps her Sector Perform rating on Abercrombie & Fitch.