Brean Murray Carret: Abercrombie & Fitch to Deal with Hostile Investor Group

According to a research report released today by Brean Murray Carret, Abercrombie & Fitch Co. ANF is gearing up to meet with a hostile investor group when they announce 4QFY12 on Wednesday morning. “We believe the company will remain resolute in their belief in the longer term growth story in international markets and perhaps will become even more aggressive in pulling back in domestic markets; further, we would not be surprised to see a material pullback in inventory levels for the Fall season,” Brean Murray Carret commented in the report. Brean Murray Carret reiterates its Hold rating on Abercrombie & Fitch, which closed Friday at $45.07.