Anaylist- Robert Samuels has downgraded ARO from Perform to Under-perform. His primary reason is that he believes that ARO will have tough comparrisons going forward. He is wrong. He way under estimates the strong management of ARO to make the necessary adjustments going forward that will continue to put profits on the bottom line ( just like so many other dumb analyists).
It wasn't a few months ago that Goldman had Abercrombie & Fitch as a "Conviction Buy." It was only this morning that they removed the stock from the Conviction Buy rating. It may have been the 19% drop in sss and the 8% plunge in the share price that got their attention. Still, they continue to have a buy rating on the stock!! Yet they downgrade a stock whose sss blow away estimates??