UPDATE: Bank of America Upgrades Abercrombie & Fitch, Believes Potential for Profit Growth is Attractive
June 07, 2013 at 09:36 AM EDT
In a report published on Friday, analysts at Bank of America upgraded Abercrombie & Fitch (NYSE: ANF ) from Neutral to Buy and raised its price objective on the company from $54 to $60. In the report, lead analyst Paul Alexander commented that, "We are upgrading to Buy as we