Wedbush maintains Abercrombie and Fitch's ANF Neutral rating regardless of promotions that ran this weekend.
Wedbush explained, “According to the Retail Detail, A&F stores drove only moderate traffic and conversion this past weekend, despite running the
broad-based “40% Off The Entire Store” (including redlines) promotion that is typically a big traffic driver for the retailer.”
ANF closed at $48.94 a share yesterday with a $46 12-month PT.
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