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Stock Market & Financial Investment News

News Breaks
January 10, 2014
10:39 EDTAPP, TLYS, ANF, AEO, GPSAbercrombie & Fitch rallies after raising full year profit view
Shares of casual apparel retailer Abercrombie & Fitch (ANF) are rallying after the company raised its full year adjusted profit view. WHAT'S NEW: Last night, Abercrombie & Fitch reported its fourth quarter comparable sales for the nine weeks ended January 4, including direct-to-consumer sales, decreased 6%. However, based on higher than expected sales for the fourth quarter-to-date, and ongoing cost reduction efforts, the company raised its full year adjusted earnings per share view to $1.55-$1.65 from its prior guidance of $1.40-$1.50. The consensus forecast of analysts prior to the company update was $1.47. ANALYST REACTION: This morning, analyst commentary was positive on A&F. Research firm Janney Capital upgraded Abercrombie to Buy from Neutral with a price target of $49. Another firm, Wells Fargo, increased its price target on the stock to $37-$39 from $33-$36, but kept a Market Perform rating on the shares. Brean Capital said it remained a buyer of Abercrombie & Fitch’s shares. Brean rates the shares a Buy with a $48 price target. PRICE ACTION: In early trading, Abercrombie & Fitch rose $3.86, or 11.6%, to $37.07 on twice its average daily trading volume. However, over the past twelve months, the shares are down about 24%. OTHERS TO WATCH: Abercrombie’s competitors include American Eagle Outfitters (AEO), American Apparel (APP), and Tilly’s (TLYS). Another Abercrombie competitor, The Gap (GPS), reported last night that its comparable sales in the months of November and December grew 1% and that, given the holiday performance, the company is "comfortable" delivering at the high end of its prior full-year earnings per share guidance range. Gap shares are up 0.8% to $39.75 after its own holiday sales update.
News For ANF;AEO;GPS;APP;TLYS From The Last 14 Days
Check below for free stories on ANF;AEO;GPS;APP;TLYS the last two weeks.
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September 19, 2014
10:06 EDTAEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
06:30 EDTAEOAmerican Eagle upgraded to Buy from Neutral at Goldman
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September 18, 2014
10:57 EDTANF, GPS, AEOU.S. ITC to investigate 17 denim jean companies for patent infringement
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September 17, 2014
10:00 EDTGPSOn The Fly: Analyst Initiation Summary
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September 16, 2014
16:29 EDTGPSGap assumed with a Neutral at Piper Jaffray
Price target raised to $46 from $43.
16:29 EDTANFAbercrombie & Fitch assumed with an Overweight at Piper Jaffray
Price target lowered to $45 from $48.
16:29 EDTAEOAmerican Eagle assumed with a Neutral at Piper Jaffray
Target $13.
16:27 EDTTLYSTilly's assumed with an Overweight at Piper Jaffray
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09:59 EDTAEOOn The Fly: Analyst Upgrade Summary
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09:25 EDTAEOOn The Fly: Pre-market Movers
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07:09 EDTAEOAmerican Eagle upgraded to Overweight from Equal Weight at Stephens
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September 12, 2014
16:20 EDTAPPAmerican Apparel amends loan agreement with SG, removes Charney default clause
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September 11, 2014
06:38 EDTGPSApple hires Gap's Marcela Aguilar for marketing role, Ad Age reports
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September 8, 2014
10:06 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:18 EDTGPSGap downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded Gap to Underperform based on expectations it will miss full year guidance and consensus expectations. The firm said lower than expected August comps due not bode well for turnaround and lowered its full year EPS estimate to $2.85 from $2.96, vs. guidance of $2.95-$3.00.

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