Form 8-K GAP INC For: Jul 07
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Old Navy Drives Strong June for Gap (GPS), But August Sales Remain Key Metric - MKM
July 8, 2016 11:36 AM EDTMKM affirms Gap (NYSE: GPS) with a Neutral trading and $21 price target following June sales results issued Thursday night.
Analyst Roxanne Meyer commented, GPS' 2% comp handily beat estimates (MKM -5.0%/Street -3.6%), representing an 8 and 5 pt. acceleration on a 2 and 3 year basis vs. May, respectively, aided somewhat by the shift of Memorial Day into June (2 pt benefit). This... More
