Vetr Top Raters Still Hate Abercrombie & Fitch Stock Despite Upgrade

Shares of Abercrombie & Fitch Co. (NYSE: ANF) have failed to gain any momentum over the past years as the struggling retailer struggles to re-identify its image within the rapidly changing teen retailer space.

Meanwhile, the Vetr crowd upgraded Abercrombie & Fitch's stock rating to 2-stars out of a possible 5-stars. In fact, shares of Abercrombie & Fitch have fallen to $25.54 since the prior rating of $1.5-stars was issued 70 days ago.

Related link: Here's how crowdsourced ratings can beat the market.

Even though the Vetr crowd upgraded Abercrombie & Fitch's rating, its 2-star stock rating still lies in 'Sell' territory. Accordingly, 88 percent of the crowd's ratings are bearish and the crowd sourced price target of $22.91 implies a potential downside of more than 10 percent.