Jefferies Reiterates Buy Rating On Abercrombie & Fitch

According to Jefferies, Abercrombie & Fitch ANF is expected to post OK 2Q results driven by solid top-line momentum. Jefferies said that it sees an accelerating US business, margin stabilization and international sales at a tipping point, all driving substantial sales, EPS and stock upside in 2H of this year. “Reiterating our Buy rating and $100 PT.” Abercrombie & Fitch closed yesterday at $71.71.