Brean Murray reiterated its Buy rating on Abercrombie & Fitch ahead of its Q1 results on Wednesday. The firm expects the company to show a more balanced product mix, that European fears are overblown, and enough positives to justify favorable risk/reward. Brean Murray said they would be buyers of the shares ahead of its earnings report and maintains its $65 price target.
Happy demi-anniversary, stock market rally. Will the honeymoon ever end?