NEW YORK - The two analysts said Monday would help to consolidate the international development of Abercrombie & Fitch long-term growth and enhance the youth apparel retailer.
Shares rose 2.60 U.S. dollars, or 7.4 percent, to 37.61 U.S. dollars in the disk. The company’s stock price between $ 13.66 and $ 37.80 during the past year.
Abercrombie & Fitch Company due to weak sales, as it maintained a relatively high prices and growing international economic investment, while the shaken, and consumers cut back.
However, it has already begun to offer lower prices in recent months and analysts said the lower prices the value of information, coupled with international growth, will contribute to improved outcomes.
Goldman Sachs analyst Michelle Tan said in a report to investors and accelerate the international growth of new store openings may be nearly doubled, earnings per share growth, and there in 2011, the international open opportunities.
In addition, the company’s “value of information more bluntly:” At first, in order to help transport visitors to come to American tourists in the United States flagship store promotions, Tan said.
Abercrombie her upgraded to “buy list” from “neutral.”
At the same time, Credit Suisse analyst Paul Lejuez also increased the strength-based international companies. He said that the results of the new space productivity, higher than expected in October, promoted by the International Hollister stores, Milan flagship open and e-commerce.
“This gives us confidence that the company can beat the third-quarter earnings expectations, in the fourth quarter and 2010,” he wrote in a client note.
He rates the stock “outperform from” neutral “.”
The company reported third-quarter results Friday.

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