Analysts: Abercrombie Downgraded on Concerns of Brand Relevance and 3 More Research Notes to Read
Halliburton Co. (NYSE:HAL): Susquehanna raised its price target on Halliburton to $64 from $59 following the company’s analyst day; the firm cited its roadmap for growth, driven by margin improvement, increased revenues, and plans to return capital to shareholders, and the firm gives Halliburton shares a Positive rating.
Atmel Corp. (NASDAQ:ATML): Morgan Stanley said Atmel’s XSense technology is promising and could add 10 cents in 2015 earnings; the firm would focus on margin expansion and shares gains in microcontroller units, and keeps a Buy rating on Atmel shares with a $10 price target.
Harley-Davidson Inc. (NYSE:HOG): Wells Fargo removed Harley-Davidson from its Priority Stock List but keeps an Outperform rating on the name.
Abercrombie & Fitch Co. (NYSE:ANF): Bank of America Merrill Lynch downgraded Abercrombie & Fitch to Underperform from Buy and lowered its price target on the shares to $30 from $48; the firm said the analyst day did not relieve its concerns regarding how management plans to address domestic brand relevance and believes Abercrombie & Fitch’s international operations could falter without a major overhaul.