Market Currents
Wednesday, August 19, 2009
10:09 AM
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Susquehanna cuts Abercrombie & Fitch (ANF -2.2%) to Neutral, citing "a combination of what we deem to be fair valuation and remaining headwinds facing luxury positioned brands." Firm says diehard customers remain satisfied, but is worried ANF's higher-priced merchandise will continue to pressure transaction size.
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