Abercrombie & Fitch activism a catalyst for shares, says FBR Capital FBR Capital believes shareholder activism should continue to be a catalyst for Abercrombie & Fitch shares after Engaged Capital sent a letter to the retailer seeking a change in management with the upcoming contract expiration of CEO Michael Jeffries. FBR thinks activism activity will push for a sale after management changes and keeps an Outperform rating on A&F with a $43 price target.
News For ANF From The Last 14 Days
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Abercrombie & Fitch to open over 100 stores in China, China Daily says Abercrombie & Fitch plans to open over 100 stores in China over the next ten years under under its A&F and Hollister brands, says China Daily, citing an interview with SVP of marketing Craig Brommers. Reference Link