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Abercrombie & Fitch upgraded to Buy after sell-off

In this article:

Abercrombie & Fitch (ANF) shares traded higher late Friday. The stock got pummeled after CEO Fran Horowitz warned of an "increasingly uncertain environment." Citi upgraded Abercrombie shares to Buy from Neutral, saying the sell-off represents a buying opportunity, arguing the retailer is seeing "one of the stongest turnarounds in retail history" and has a "pristine" balance sheet.

Market Domination anchors Madison Mills and Josh Lipton discuss the call in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Market Domination.

This post was written by Stephanie Mikulich.

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