Shares of Abercrombie & Fitch Co. ANF have failed to gain any momentum over the past years as the struggling retailer struggles to re-identify its image within the rapidly changing teen retailer space.
Meanwhile, the Vetr crowd upgraded Abercrombie & Fitch's stock rating to 2-stars out of a possible 5-stars. In fact, shares of Abercrombie & Fitch have fallen to $25.54 since the prior rating of $1.5-stars was issued 70 days ago.
Related link: Here's how crowdsourced ratings can beat the market.
Even though the Vetr crowd upgraded Abercrombie & Fitch's rating, its 2-star stock rating still lies in 'Sell' territory. Accordingly, 88 percent of the crowd's ratings are bearish and the crowd sourced price target of $22.91 implies a potential downside of more than 10 percent.
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Posted In: Analyst ColorCrowdsourcingAnalyst RatingsGeneralCrowd Sourced Stock RatingsretailersTeen RetailersVetrVetr Crowd
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