90% Of Vetr Top Raters Hate Abercrombie & Fitch Stock

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Shares of
Abercrombie & Fitch Co.ANF
have lost more than 10 percent since the start of 2016 but are still higher by around 25 percent over the past 6 months. Meanwhile, Vetr top raters have
upgraded Abercombie & Fitch's stock rating
to 2-stars out of a possible 5-stars. In fact, shares of Abercrombie & Fitch have risen to $25.39 since the prior rating of 1.5-stars was issued just 2 days ago. Related link:
Here's how crowdsourced ratings can beat the market
.
Despite an upgrade, a 2-star stock rating still indicates a 'Sell' sentiment. Accordingly, 90 percent of the crowd's ratings are bearish and the crowd sourced price target of $23.56 implies a potential downside of around 4 percent. "The labels it operates with are not associated with the quality of the past; the primary market is looking more at other stores for 'trendy' fashion items,"
Daniel S. Williams, a member of the Vetr crowd argued. "Among needing a brand overhaul, it seems the hype has caught up with Abercrombie & Fitch. Sales numbers have not looked too great, either."
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Posted In: Analyst ColorShort IdeasCrowdsourcingTrading IdeasGeneralRetail StocksTeen RetailersVetrVetr CrowdVetr Top Raters
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