This morning, Credit Suisse lowered its price target on shares of Abercrombie & Fitch (NYSE:ANF) to $39 as the company's lack of earnings visibility is cause for concern. In the report, Credit Suisse reduced its EPS estimates and maintained its neutral rating. Shares of ANF were relatively flat today, trading just above $36 per share.
And Citigroup downgraded shares of Tiffany (NYSE:TIF) from buy to neutral citing valuation. The stock is trading at a multi-year high and was within 10% of Citigroup's $88 price target. Shares of Tiffany were lower by 3.3% today.
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