Gap's profit forecast misses as Banana Republic remains weak
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Credit Suisse Raises price Target on Gap, Inc. (GPS) to $22 Following 2Q Report
August 19, 2016 11:43 AM EDTCredit Suisse maintained an Underperform rating on Gap, Inc. (NYSE: GPS), and raised the price target to $22.00 (from $21.00), following the company's 2Q earnings report.
Analyst C. Buss commented, "We are adjusting estimates following 2Q results given 1) volatile demand trends across all 3 concepts on a... More
FBR Capital Reiterates Market Perform on Gap, Inc. (GPS) Following 2Q Beat
August 19, 2016 10:55 AM EDTFBR Capital reiterated a Market Perform rating and $22.00 price target on Gap, Inc. (NYSE: GPS) following the company's 2Q earnings report. The company reported EPS of $0.60, ahead of the consensus estimates $0.58, slightly above the $0.58$0.59 EPS guidance. Management guided 2016 EPS to $1.87$1.92, in line with what management had indicated as achievable,... More
Jefferies Raises Price Target on Gap, Inc. (GPS) to $30; Reiterates Buy
August 19, 2016 9:50 AM EDTJefferies reiterated a Buy rating on Gap, Inc. (NYSE: GPS), and raised the price target to $30.00 (from $26.00), following the company's 2Q earnings report. Management guided FY'17 EPS to $1.87-$1.92 (versus the Street of $1.95). Despite the recent improvement in topline trends, management noted that the outlook... More
Cowen Reiterates Market Perform on Gap, Inc. (GPS) Flowing 2Q Report
August 19, 2016 7:36 AM EDTCowen reiterated a Market Perform rating and $25.00 price target on Gap, Inc. (NYSE: GPS) following the company's 2Q earnings report. GPS reported adjusted EPS of $0.60 vs. the Street at $0.59 and management's guidance of $0.58-$0.59. Management updated their FY16 EPS guide and is... More
Stifel Says Strength in Old Navy Not Enough to Offset Other Weakness at Gap (GPS); Affirms at 'Hold'
August 19, 2016 6:02 AM EDTStifel affirms its Hold rating on Gap (NYSE: GPS) following the retailer's Q2 report late Thursday.
Analyst Richard Jaffe noted that Gap's EPS of $0.60 came in 1 cent above its recent outlook of $0.58 - $0.59.
Jaffe also offered the following commentary:
Gap fell short in 2Q with negative comp sales and flat margins versus an easy comparison in the... More
