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ANF - Abercrombie & Fitch: Sell Rated As Valuation Is Too High
Abercrombie & Fitch Company
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.