RBC Capital Initiates Abercrombie & Fitch At Underperform

RBC Capital initiated coverage on

with a Underperform rating. The target price for Abercrombie & Fitch is set to $17. Abercrombie & Fitch shares have dropped 41.00 percent over the past 52 weeks, while the S&P 500 index has surged 11.87 percent in the same period. Abercrombie & Fitch shares fell 4.93 percent to $21.40 in pre-market trading.