2024-04-09 17:05:19 ET
Summary
- Abercrombie & Fitch is recommended as a sell due to its high valuation and uncertainty in predicting fashion trends.
- ANF has seen strong growth momentum, with same-store sales increasing and gross profit outperforming revenue growth.
- The company's international growth strategy and potential for further acceleration in sales could support its growth, but there are concerns about sustainability and meeting expectations.
Investment summary
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Abercrombie & Fitch: Sell Rated As Valuation Is Too High