Mon, May 28, 2012, 3:02 AM EDT - U.S. Markets closed for Memorial Day

Abercrombie & Fitch price target lowered to $61 from $79 at RW Baird

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ANF36.230.94

Baird lowered its price target on Abercrombie & Fitch following its Q4 preannouncement. The firm cited its weak near term trends in its US stores. Baird maintains its Outperform rating citing strength in Europe, new international store openings, its premium positioning and global strategy. The firm believes this is an attractive entry point for long term investors.

 

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