Abercrombie & Fitch set-up favorable into strategic update, says Piper Jaffray

theflyonthewall.com

Piper Jaffray believes the set-up for Abercrombie & Fitch into today's strategic update event is favorable with the negative preannouncement out of the way. Piper lowered its price target for shares to $43 from $44 and keeps an Overweight rating on the stock.

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