Abercrombie & Fitch price target raised to $52 from $46 at Piper Jaffray Piper Jaffray raised its estimates and price target for Abercrombie & Fitch after its web analytics review indicated both the A&F and Hollister brands are on pace to exceed sales estimates. The firm keeps an Overweight rating on the stock.
American Eagle downgraded to Sell from Neutral at Goldman Goldman Sachs downgraded American Eagle (AEO) to Sell saying it sees 29% downside risk over the next six months. Goldman believes declining mall traffic and "aggressive competition" from low cost stores puts the retailer in a multi-year period of diminishing productivity, margins, and returns. Its six-month price target for American Eagle is $12. Shares of the retailer closed yesterday up 17c to $16.92. Goldman lists Ann Inc. (ANN), Abercrombie & Fitch (ANF) and American Eagle as its top sell ideas in the Specialty Apparel space. Its lone Buy rated name in the group is Urban Outfitters (URBN).