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Ahead Of The Bell: Abercrombie & Fitch

Stock quotes in this article: ANF  

NEW YORK (AP) — Abercrombie & Fitch Co. could post better earnings in 2011, propelled by lean inventory, deals on rent, better merchandise and lower prices, an analyst said, upgrading the stock.

SunTrust Robinson Humphrey analyst Robin Murchison in a note to investors Thursday upgraded the teen-apparel retailer to "Buy" from "Neutral" and raised her earnings-per-share estimate for its fiscal 2011 year to $2.15 from $1.43. She kept her profit estimate for fiscal 2010, which ends in January, at $1.16 per share.

Analysts polled by Thomson Reuters expect, on average, earnings per share of $1.02 in 2010 and $1.54 in 2011. ...

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