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air yeezy began soccer uniforms |
[ 2009-12-26 14:30:00 | By: klmn064 ] |
Teen apparel retailer abercrombie and fitch Abercrombie & Fitch Co. (ANF) saw its rating and price target boosted on Monday by analysts at FBR Capital Markets.
The analyst upped its rating on ANF to “Outperform” from “Market Perform,” and raised its price target for the stock to $46 from $39. Abercrombie shares had closed at $39.97 on Friday.
FBR Capital noted that “Based on our extraordinarily strong channel checks, particularly at the Hollister division over the Black Friday weekend,air yeezy, we are upgrading shares new era caps of ANF to Outperform. All three ANF brands – Adult, Hollister, and Kids – showed a material improvement in both traffic and conversion over this Black Friday weekend versus last year.”
Abercrombie shares rose 73 cents, or +1.8%, in premarket trading Monday.
We have been avoiding shares of ANF since our early June coverage began last year,soccer uniforms, when the stock was trading at $67.37. The company has a dividend yield of 1.75%, based on hollister Friday’s closing stock price of $39.97. The stock has technical support in the $33-$35 price area. If the shares can c
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