Abercrombie Expected to Top Forecasts
Stock quotes in this article:ANF
NEW YORK (TheStreet) -- Abercrombie & Fitch (ANF)is gaining momentum after it was upgraded on Monday by Credit Suisse.
The teen retailer was upgraded to outperform from neutral, sending shares climbing 7.2% to $37.55 in morning trading. Analyst Paul Lejuez said Abercrombie & Fitch will most likely beat Wall Street's estimates when it reports third-quarter earnings on Friday. Wall Street is calling for third-quarter EPS of 20 cents a share. Lejuez is expecting better-than-expected performance at Abercrombie & Fitch's international Hollister stores, SoHo and Milan flagships and online sales. Worth noting is that last week Abercrombie & Fitch reported weak October same-store sales, posting a 15% decline. -- Reported by Jeanine Poggi in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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