Abercrombie & Fitch Lower on Goldman and BMO Capital Downgrades

Abercrombie & Fitch (ANF) downgraded, Halliburton (HAL) upgraded and new coverage for Temper Sealy (TPX) are Friday's Analysts' Actions. Shares of Abercrombie & Fitch are trading lower after some big downgrades. Goldman Sachs downgraded its rating for the stock to SELL from NEUTRAL. The firm also lowered its price target to $27 from $34. The retailer was also hit with a downgrade from BMO Capital to MARKET PERFORM from OUTPERFORM. The price target there was lowered to $28 from $47. An upgrade for oil services company, Halliburton at Citigroup to BUY from NEUTRAL. Analysts there say Halliburton’s ‘opportunity for share gains in North America is not reflected in the stock price.’ The firm raised its price target to $68 from $56, that’s about a 25 percent to the upside from where the stock is currently trading. New Coverage for bedding manufacturer Temper Sealy. Barclays started coverage of the stock with an EQUAL WEIGHT rating and a price target of $61. The analysts there say the company ‘will continue to benefit from the acquisition of Sealy’ and ‘is well positioned to capture share in a mature production environment.'