Janney Says Sell Abercrombie; Sees Stock Falling 28% to $15

Are investors really confident that Abercrombie & Fitch (ANF) is on the mend. It doesn’t seem so today. On Thursday, shares rose almost 14% even after the troubled teen retailer posted an epic first-quarter earnings miss, much to everyone’s surprise. Today, however, Abercrombie dropped 5% to $20.96 after Janney Capital Markets analyst Adrienne Yih downgraded [...]