Market Overview

UPDATE: Wunderlich Initiates Coverage On Abercrombie & Fitch

Share:
Related ANF
As Abercrombie & Fitch's Sales Process Progresses, Is It Time To Step To The Sidelines?
Benzinga's Top Upgrades, Downgrades For June 22, 2017
The Vetr community has upgraded $ANF to 3-Stars. (Vetr)

In a note released Tuesday morning, Wunderlich analyst Eric Beder Initiated coverage on Abercrombie & Fitch (NYSE: ANF) with a Buy and $48 price target.

Beder wrote, "We believe the company is among the best positioned players for this back-to-school season with tight inventories, a key focus on cost savings, and a concerted effort to drive fashion excitement and emphasis on improving overall returns."

Beder noted that Abercrombie has continued to "aggressively" buy back shares and the company's strong cash position should support further repurchases.

For fiscal 2015 and 2016 Beder is predicting an EPS of $2.41 and $2.93, respectively, both of which are above consensus.

Beder concluded by suggesting investors buy before the company's second quarter earnings.

Latest Ratings for ANF

DateFirmActionFromTo
Jun 2017WunderlichUpgradesSellHold
May 2017WunderlichDowngradesHoldSell
May 2017Standpoint ResearchDowngradesBuyHold

View More Analyst Ratings for ANF
View the Latest Analyst Ratings

Posted-In: Eric Beder WunderlichAnalyst Color News Price Target Initiation Analyst Ratings

 

Related Articles (ANF)

View Comments and Join the Discussion!