Analysts: Abercrombie & Fitch Upgraded to Buy and 3 More Research Notes to Peruse
Abercrombie & Fitch (NYSE:ANF): SunTrust upgraded Abercrombie to Buy from Neutral; the analyst cited reduced expectations, discounted valuation, and strategic review catalysts. The firm raised its price target on Abercrombie & Fitch shares to $45 from $40.
Occidental Petroleum Corp. (NYSE:OXY): Barclays upgraded Occidental Petroleum to Overweight from Equal Weight in order to reflect the company’s restructuring initiatives, valuation, and improved drilling performance; the analyst also raised its price target on Occidental Petroleum shares to $108 from $93.
Lumber Liquidators (NYSE:LL): Canaccord raised its price target on Lumber Liquidators to $134 from $120 due primarily to benefits from mix shift, supply chain enhancements, and sourcing initiatives; the firm rated Lumber Liquidators shares a Buy.
C.H. Robinson (NASDAQ:CHRW): Bernstein expects C.H. Robinson to report slightly higher-than-expected third-quarter earnings per share and believes the company will benefit from easing truck contract rates; the firm expects sentiment toward the stock to improve, and it keeps a $72 price target as well as an Outperform rating on C.H. Robinson shares.