Abercrombie & Fitch (ANF) catches an upgrade from Wedbush to Outperform from Neutral on the...

|About: Abercrombie & Fitch (ANF)|By:, SA News Editor

Abercrombie & Fitch (ANF) catches an upgrade from Wedbush to Outperform from Neutral on the firm's take that ANF is close to an inflection point with margins set to stabilize. An upgrade is always nifty, but for investors to truly see a rally the company will also need to improve its fashion lines. Just ask CEO Mike Jeffries. CC (transcript) yesterday: "Did we miss the past two quarters because our assortment was too narrow? Because we were late on trends? I believe so."