Abercrombie & Fitch's stock plummeted 5.33% during intraday trading on Friday, underperforming the broader market.
The decline came after Barclays reaffirmed its Sell rating on the apparel retailer, maintaining a price target of $78 despite a recent increase. This negative analyst sentiment contributed to selling pressure.
Additionally, the stock was likely weighed down by broader weakness in the apparel retail sector, as competitors Gap and American Eagle Outfitters tumbled after issuing weak annual forecasts, signaling constrained consumer spending on discretionary items.
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