Will This Estimate Cut Hurt Abercrombie & Fitch (ANF) Stock Today?

NEW YORK (TheStreet) -- BMO Capital cut its estimates on Abercrombie & Fitch  (ANF) through 2015 and set an "outperform" rating with a $47 price target. The firm noted the company's lower European sales.

The stock was down 4% to $42.24 in pre-market trading Friday.

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Separately, TheStreet Ratings team rates ABERCROMBIE & FITCH as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate ABERCROMBIE & FITCH (ANF) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity."

You can view the full analysis from the report here: ANF Ratings Report

ANF Chart ANF data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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