Abercrombie & Fitch falls after Citi downgrades stock to 'neutral'

Shares of Abercrombie & Fitch ANF.N fall about 5% to $90.72

Brokerage Citi downgrades stock to "neutral" from "buy," citing tariff-related margin pressures

Says ANF’s annual tariff burden may rise to $220 mln from $100 mln, driven by higher rates from key sourcing countries like Vietnam, Cambodia and Indonesia

Citi says specialty apparel retailers will need to raise prices to offset tariff pressures, while lacking pricing power

Seven of 12 brokerages rate ANF "buy" or "higher", five "hold;" their median PT is $112.16 — data compiled by LSEG

Up to last close, stock down about 37% YTD