UPDATE: Topeka Capital Markets Initiates Abercrombie & Fitch with Hold Rating on Challenges Ahead

In a report published Thursday, Topeka Capital Markets analyst Dorothy S. Lakner initiated coverage on Abercrombie & Fitch Co. (NYSE: ANF ) with a Hold rating and $50.00 price target. In the report, Lakner noted, “After a period of significant comp declines in its domestic business in 2008-2009 and significant