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Stock Market & Financial Investment News

News Breaks
August 12, 2014
12:31 EDTURBN, ARO, AEO, ANFAbercrombie upgraded at Stifel citing better assortment, trimmed costs
Shares of Abercrombie & Fitch (ANF) were upgraded by research firm Stifel this morning, though the retailer's shares are slightly lower in early afternoon trading. WHAT'S NEW: Stifel analyst Richard Jaffe upgraded Abercrombie & Fitch to Buy from Hold, citing the retailer's better merchandise assortment and reshaped cost structure. Jaffe feels that Abercrombie & Fitch had been running with overblown expenses and believes that having a slimmer cost structure will allow the company to influence sales better and boost future EPS. The analyst raised his Q4 EPS estimate to $1.94 from $1.87, his FY14 EPS estimate to $2.50 from $2.43 and his FY15 EPS estimate to $3.40 from $3.14. Over the next year, Jaffe said that he expects A&F shares will be valued for the company's effort to win back customers at its Hollister and Abercrombie stores. Still, he said that Q3 could continue to be a struggle for the retailer due to external obstacles that are still a headwind. The firm maintains a $50 price target on the retailer's shares. WHAT'S NOTABLE: Analysts at Wunderlich also initiated coverage of the stock this morning with a Buy rating and a $48 price target. PRICE ACTION: During early afternoon trading, shares of Abercrombie & Fitch fell 9c, or 0.2%, to $41.47. OTHERS TO WATCH: Rivals to Abercrombie & Fitch include Aeropostale (ARO), Urban Outfitters (URBN), and American Eagle Outfitters (AEO).
News For ANF;ARO;URBN;AEO From The Last 14 Days
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December 11, 2014
05:31 EDTURBNUrban Outfitters says Q4 SSS up low single-digit thus far in Q4
Urban Outfitters disclosed last night that thus far during Q4, its comparable Retail segment net sales are low single-digit positive.
December 10, 2014
10:20 EDTAEOOptions with decreasing implied volatility
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10:00 EDTAEOOn The Fly: Analyst Upgrade Summary
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08:47 EDTAEOAmerican Eagle upgraded at BMO Capital
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08:36 EDTURBNUrban QTD comps may rise as much as low-single digits, says Janney Capital
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06:11 EDTAEOAmerican Eagle upgraded to Outperform from Market Perform at BMO Capital
December 9, 2014
17:49 EDTANFAbercrombie & Fitch still not a 'buy', Barron's says
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10:23 EDTAEOOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Outperform from Perform at Oppenheimer... Concho Resources (CXO) upgraded to Outperform from Neutral at Macquarie... Hanmi Financial (HAFC) upgraded to Outperform from Market Perform at FBR Capital... LHC Group (LHCG) upgraded to Outperform from Underperform at Credit Suisse... Lincoln Electric (LECO) upgraded to Buy from Neutral at Longbow... Northeast Utilities (NU) upgraded to Outperform from Neutral at Macquarie... SM Energy (SM) upgraded to Outperform from Neutral at Macquarie... Volcano (VOLC) upgraded at Needham... Wells Fargo sees fewer distractions for lululemon (LULU), upgrades shares... Xcel Energy (XEL) upgraded to Outperform from Neutral at Macquarie... lululemon (LULU) upgraded to Outperform from Market Perform at Wells Fargo.
08:50 EDTANFAbercrombie & Fitch CEO Michael Jeffries to retire
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08:48 EDTANFAbercrombie & Fitch CEO to retire
05:56 EDTAEOAmerican Eagle upgraded to Outperform from Perform at Oppenheimer
Oppenheimer upgraded American Eagle to Outperform with a $14 price target.
December 8, 2014
10:20 EDTAEO, ANFOptions with decreasing implied volatility
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December 5, 2014
16:52 EDTAEODow just below 18K as market finishes week with gains
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16:36 EDTAEOOn The Fly: Closing Wrap
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12:50 EDTAEOOn The Fly: Midday Wrap
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10:40 EDTANFOptions with decreasing implied volatility
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09:30 EDTAEOAmerican Eagle guidance conservative, especially for margins, says Stephens
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09:17 EDTAEOOn The Fly: Pre-market Movers
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07:51 EDTAEOAmerican Eagle fundamentals remain weak, says UBS
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07:15 EDTAEOAmerican Eagle shares should be bought on weakness, says SunTrust
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