Citigroup pastes Abercrombie & Fitch (ANF -4.1% premarket) with a Sell rating, predicting...

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

Citigroup pastes Abercrombie & Fitch (ANF -4.1% premarket) with a Sell rating, predicting same-store sales will continue to deteriorate "due to problems beyond pricing and newness." Sales of key back-to-school items are disappointing, firm says, "which does not bode well for H2."