Investing.com -- Barclays shook up its ratings across several U.S. apparel retailers on Monday, downgrading Under Armour and Gap while upgrading Abercrombie & Fitch, as the bank recalibrated its views on brand momentum, promotional activity and tariff exposure heading into the back half of the year.
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Abercrombie & Fitch stock rose Wednesday after the clothing retailer reported better-than-expected quarterly earnings despite stagnant sales. Abercrombie stock jumped 9.2%. Shares had tumbled 41% this year on weaker-than-expected holiday sales and a rough fiscal-year forecast.
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.