UPDATE: Macquarie Downgrades Abercrombie & Fitch as Weak Sales Trump Expense Opportunity
October 21, 2013 at 10:52 AM EDT
In a report published Monday, Macquarie Capital analyst Liz Dunn downgraded the rating on Abercrombie & Fitch Co. (NYSE: ANF ) from Outperform to Neutral, and lowered the price target from $47.00 to $36.00. In the report, Macquarie Capital noted, “Mall traffic continues to be down and retail sales results
