Abercrombie & Fitch Co. (NYSE:ANF) shares dropped by almost 7% in early trading today after the firm received an "overweight" rating from a Jefferies analyst. The poor rating was based on a less than positive outlook on the casual clothing retailer's 2013 prospects. The firm released its fourth quarter earnings report this morning before the market opened.
Abercrombie's guidance for 2013 projected earnings of $3.35-$3.45 per share. Analyst consensus form Thompson Reuters suggested that the firm would earn around $3.63 this year. The firm's fourth quarter earnings report was, on...
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