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Fly News Breaks for February 3, 2020
ANF
Feb 3, 2020 | 07:45 EDT
Telsey Advisory analyst Dana Telsey upgraded Abercrombie & Fitch to Outperform from Market Perform with a price target of $21, up from $20. The analyst sees an attractive valuation and believes Abercrombie will be able to resume an earnings recovery trajectory next year through ongoing improvements to square footage productivity and the anniversary of lease exit charges.
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