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Vetr Crowd, Analysts Agree On Abercrombie Downgrade

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On Thursday, the Vetr crowd downgraded its rating for Abercrombie & Fitch Co (NYSE: ANF) from 3 stars (Hold) issued, three days ago, to 2 stars (Sell). Crowd sentiment at the time of the downgrade was generally cautious, with 71 percent of Vetr user ratings bearish.

Like most retailers over the past few months, Abercrombie & Fitch has seen significantly better days. The stock has spent most of 2017 trending to lows under $11, levels it hasn't traded at since 2000.

However, investors have found some upside in the past week, as Reuters reported that the clothing company was working with Perella Weinberg Partners to handle takeover interest. The stock experienced a 12.5 percent jump to above $14 on the news. However, analysts were more pessimistic on the development, as both Wunderlich and Standpoint Research issued a downgrade on the stock in the following days.

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Currently, the Vetr crowd's average target price for Abercrombie & Fitch is down at $12.91, which is also below the average analyst target price of $16.68. Less than 2 percent of Vetr users are holding ANF in their watch lists.

Latest Ratings for ANF

DateFirmActionFromTo
Sep 2019Initiates Coverage OnNeutral
Sep 2019UpgradesUnderperformPeer Perform
Sep 2019MaintainsUnderweight

View More Analyst Ratings for ANF
View the Latest Analyst Ratings

Posted-In: VetrDowngrades Price Target Crowdsourcing Analyst Ratings

 

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