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Credit Suisse Downgrades Gap, Inc. (GPS) to Underperform

February 13, 2015 7:02 AM EST
Get Alerts GPS Hot Sheet
Price: $27.55 +0.95%

Rating Summary:
    11 Buy, 24 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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Credit Suisse downgraded Gap, Inc. (NYSE: GPS) from Neutral to Underperform with a price target of $37.00 (from $40.00).

Analyst C. Buss said "A pick up in deflationary pressure in the U.S. apparel market combined with mounting FX headwinds leaves us increasingly cautious on the potential for earnings turnarounds at both Gap and Abercrombie & Fitch in 2015."

The firm lowered estimates accordingly.

For an analyst ratings summary and ratings history on Gap, Inc. click here. For more ratings news on Gap, Inc. click here.

Shares of Gap, Inc. closed at $41.57 yesterday.



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