Vetr Tempers Its Hopes For Abercrombie & Fitch Amid Skeptical Analysts

On Wednesday, the Vetr crowd downgraded their rating for Abercrombie & Fitch Co. ANF from 4.5 stars (Strong Buy), issued 13 days ago, to 3.5 stars (Buy). However, Crowd sentiment for Abercrombie & Fitch remains mostly positive, with 72 percent of Vetr user ratings bullish.

2016 turned out to be an abysmal year for the clothing retailer. By December, share price in Abercrombie & Fitch dropped to its lowest point in over a decade, ending the year at a penny under $12.

While the company may hope for bigger upside in 2017, January has shown that analysts remain skeptical. Abercrombie received three fresh ratings changes in the first week of the new year, with Jefferies downgrading Abercrombie from Buy to Hold and FBR upgrading the stock to Market Perform, while Oppenheimer downgraded its assessment to Underweight.

See how crowdsourced ratings could help you time the market.

Currently, the Vetr crowd's average target price for the stock is down at $13.33, which is below the average analyst target price of $18.64. Less than 2 percent of Vetr users are holding ANF in their watch lists.