Monday, November 9, 2009

Abercrombie Raised Ahead of Earnings (ANF)

Abercrombie & Fitch Co. (NYSE: ANF) is soaring on an analyst upgrade from Credit Suisse to outperform from neutral on hopes that the teen and young adult retailer will beat its earnings estimates this week.  A&F stock has now doubled from its lows of late-2008.  At 8:40 AM EST we have shares up 5% at $36.85 on right at 80,000 shares.  Average volume is over 4 million shares, but this is still well under half of its share price when it was a very popular growth story.

Jon C. Ogg
November 9, 2009

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