Janney Montgomery Scott Downgrades Gap, Inc. (GPS) to Neutral
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Gap (GPS) April Sales Could See Upside on Holiday Shift; Stifel Maintains 'Buy' Rating
April 11, 2014 7:34 AM EDTStifel maintains its Buy rating and $48 target price on Gap, Inc. (NYSE: GPS) following March sales results issued Thursday night. The retailer reported net sales of $1.51 billion for the five-week period ended April 5, 2014, and comparable sales for March 2014 were down 6 percent versus a 1 percent decrease last year.
Analyst Richard Jaffe was looking for a 4 percent drop in comps for March, while the Street consensus was calling fora 3.3 percent... More
Gap, Inc. (GPS) March Comps Fell 6%; FY14 EPS Outlook Reaffirmed
April 10, 2014 4:01 PM EDTGap, Inc. (NYSE: GPS) reported net sales of $1.51 billion for the five-week period ended April 5, 2014. Gap Inc.s comparable sales for March 2014 were down 6 percent versus a 1 percent decrease last year.
While March performance has been challenging, we remain confident in the opportunities ahead, said Glenn Murphy,... More
