Comment on Abercrombie & Fitch (ANF) Stock Downgraded at Nomura Today

Abercrombie & Fitch (ANF) Stock Downgraded at Nomura Today

NEW YORK (TheStreet) --Abercrombie & Fitch Co. was downgraded to "neutral" from "buy" by analysts at Nomura on Thursday morning. The firm said it lowered its rating on the clothing and accessories retailer based on Abercrombie's 2014 fourth quarter earnings results, which declined from the same period in the previous year. "We recognize Abercrombie & Fitch is in the midst of a potential turnaround with many pieces up in the air and we note the potential for a second half turnaround.

 

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