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Deere upgraded, Lumentum initiated: Wall Street's top analyst calls

Gap's quarterly revenue missed expectations and Old Navy posted its worst comparable sales in recent memory, yet the stock surged double digits anyway. Here is what investors saw in the numbers that the headline figures buried.

Abercrombie (ANF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Investing.com -- Citi cut its rating for Abercrombie & Fitch (NYSE: ANF) to Neutral from Buy on Thursday, saying the retailer's sharp post-earnings rally has left the risk/reward more balanced despite a strong quarter.

First Solar upgraded, Celsius downgraded: Wall Street's top analyst calls

Abercrombie reported record second-quarter net sales of $1.27 billion, up 5% from last year and marking its 15th consecutive quarter of growth

Recently, Abercrombie & Fitch was downgraded to an “Underweight” rating by Barclays, which cited intensifying competition, heavier promotions at Hollister, and macroeconomic pressures that could weigh on margins and earnings. This shift in analyst sentiment contrasts with Abercrombie & Fitch’s very large recent earnings per share growth and strong gross margins, raising questions about how sustainable its current profitability and pricing power may be. We’ll now examine how Barclays’...

Investing.com -- Barclays on Tuesday downgraded Abercrombie & Fitch Co. to an “Underweight” rating, citing growing competitive pressures, macroeconomic uncertainty, and expectations that profitability has peaked.