Abercrombie & Fitch- Upgrades & Downgrades

TheStreet Ratings released rating changes on 7 U.S. common stocks for December 7, 2010. Four stocks were upgraded and three stocks were downgraded by our stock model.
By Chris Stuart, CFA ,

NEW YORK (

TheStreet

) -TheStreet Ratings' stock model upgraded

Abercrombie & Fitch

(ANF) - Get Report

to 'Buy' from 'Hold'. Revenues at this $4.9 billion market cap, teen retailer rose 17.5% to $886 million in the fiscal third quarter as compared to the same quarter last year.

TheStreet Ratings released rating changes on 7 U.S. common stocks for December 7, 2010. In total, 4 stocks were upgraded and 3 stocks were downgraded by our stock model.

In the third quarter, Abercrombie reported a 29% improvement in net income to $50 million from $38.8 million a year earlier. Learn more about Abercrombie & Fitch:

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Income Statement

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Balance Sheet

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Stock Ratios

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Analyst Ratings

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$100 million market cap, seismic-data equipment seller,

Mitcham Industries

(MIND) - Get Report

was upgraded to 'Buy' from 'Hold'. In third quarter results, Mitcham's gross revenue increased by 37% to $20 million. Mitcham's reported net income was $0.7 million, a drop of 29% from last year, yet above analyst expectations. Learn more about Mitcham Industries:

Company Profile

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Income Statement

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Balance Sheet

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Stock Ratios

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Analyst Ratings

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-- Reported by Chris Stuart in Boston, MA.

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Chris Stuart, CFA, equity research manager, joined TheStreet.com Ratings after working as a senior investment analyst with Merrill Lynch, covering Small Cap Equity and Alternative investment strategies. Prior to that, Chris gained analytical and investment experience, working for One Beacon Insurance as an Actuarial Analyst, and H&R Block as a Financial Advisor. He earned his Bachelor's degree in Finance from the University of Massachusetts Amherst. He holds a Chartered Financial Analyst (CFA) designation, and is a member of the Boston Security Analysts Society (BSAS) and the CFA Institute.

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