Stock Market & Financial Investment News

News Breaks September 13, 2012 10:25 EDT ANF Analysts mixed after Abercrombie reportedly hires bank Retailer Abercrombie & Fitch (ANF) is advancing after CNBC reported yesterday afternoon that the retailer has hired Goldman Sachs (GS) as an advisor in response to pressure from investors. Research firms had mixed reactions to the news today. In a note to investors, Stifel Nicolaus analyst Richard Jaffe wrote that Abercrombie & Fitch could carry out a leveraged buyout for $53-$58 per share, a level significantly above the current share price. On the other hand, the company may look to sell or divest underperforming divisions and accelerate store closings instead, the analyst wrote. In any event, Jaffe views the hiring of Goldman as positive for the shares, as he believes that the move may cause the company to improve the outlook for shareholders. Nevertheless, he maintained a Hold rating on the stock. Less upbeat about Goldman's hiring was Nomura's Paul Lejuez, who doesn't believe that "anything major is brewing" at Abercrombie & Fitch. Lejuez suggests that Abercrombie CEO Mike Jefferies would not be interested in selling the company, and Lejuez believes it would be difficult to make such a move without the CEO's backing. Moreover, the analyst doesn't think that private equity firms would be interested in buying Abercrombie, and he notes that the deal would be relatively expensive. Lejuez maintained a Neutral rating on the shares, which rose 43c, or 1.13%, to $38.35 in mid-morning trading. News For ANF From The Last 14 Days Check below for free stories on ANF the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 24, 2013 11:58 EDT ANF Options with decreasing implied volatility: ARNA ANF QIHU HPQ Subscribe for More Information 11:57 EDT ANF Abercrombie & Fitch pullback a buying opportunity, says BMO Capital Subscribe for More Information 10:01 EDT ANF Abercrombie & Fitch gaps down and spikes lower after results Subscribe for More Information 09:25 EDT ANF On The Fly: Pre-market Movers Subscribe for More Information 07:07 EDT ANF Abercrombie & Fitch sees FY13 EPS $3.15-$3.25, consensus $3.49 Subscribe for More Information 07:05 EDT ANF Abercrombie & Fitch sees Q2 EPS 28c-33c, consensus 31c Subscribe for More Information 07:04 EDT ANF Abercrombie & Fitch reports Q1 EPS (9c), consensus (5c) Subscribe for More Information May 23, 2013 15:34 EDT ANF Abercrombie & Fitch May 54 weekly straddle priced for 8.5% share movement into Q 15:24 EDT ANF Notable companies reporting before tomorrow's open Subscribe for More Information 12:47 EDT ANF rue21 agrees to buyout, as previously predicted by analyst Subscribe for More Information May 22, 2013 19:29 EDT ANF Gap shares may be overheated, WSJ says Subscribe for More Information 06:58 EDT ANF A&F executives concerned over influence of CEO's partner, BuzzFeed says Subscribe for More Information May 21, 2013 14:53 EDT ANF Abercrombie & Fitch May volatility elevated at 120 into Q1 Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.