Deutsche Bank Upgrades Gap, Inc. (GPS) to Hold
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Stifel Reiterates Hold on Gap, Inc. (GPS); Blames Distribution Fire for Comp Decrease
October 7, 2016 8:47 AM EDTStifel reiterated a Hold rating and $25.00 price target on Gap, Inc. (NYSE: GPS) following the company's September comp sales report. Comp sales decreased 3%, in-line consensus estimates. Management believes that a fire at the companys Fishkill, NY distribution center is to blame for the loss.
Analyst Richard Jaffe... More
Gap, Inc. (GPS) Comps Fell 3% in Sept., Narrower than Expected
October 6, 2016 4:16 PM EDTGap Inc. (NYSE: GPS) reported that net sales for the five-week period ended October 1, 2016 decreased 2 percent to $1.43 billion compared with net sales of $1.46 billion for the five-week period ended October 3, 2015.
"While we remain focused on performance across the portfolio, we are pleased to see a strong customer response to Old Navys product assortment, which... More
