Abercrombie & Fitch (ANF) falls on downgrade

Abercrombie & Fitch Co. ANF shares tumbled 2.9% to $21.51. FBR Capital downgraded Abercrombie & Fitch from outperform to market perform and maintained the price target of $24.00. Share volume was 179,000, compared to an all-day average of 627,000