Gap, Inc. (GPS) April Comps Fell 12%
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Sterne Agee CRT Remains Sidelined Following Gap, Inc. (GPS) Comp Miss
May 12, 2015 10:03 AM EDTGap, Inc. (NYSE: GPS)
maintains a Neutral rating on Gap, Inc. (NYSE: gps), and lowered the price target to $38.00 (from $41.00), after GPS misses comps. GPS posted April comps of -12%, well below the Street's -7% estimate. The company was able to hit the Street's EPS estimate of ($0.02).
Sterne Agee CRT analyst, Ike... More
Gap (GPS) PT Cut to $34 at Credit Suisse
May 12, 2015 7:43 AM EDTCredit Suisse analyst C. Buss reiterated an Underperform rating and cut its price target on Gap, Inc. (NYSE: GPS) to $34.00 (from $35.00) after weak April comps.
For an analyst ratings summary and ratings history on Gap, Inc.... More
Gap's (GPS) Q1 Challenges Likely to Carry Over into Q2; Stifel Maintains 'Buy' Rating
May 12, 2015 6:47 AM EDTStifel affirms Gap, Inc. (NYSE: GPS), with a Buy rating and $48 price target following Q1 and April comparable-store sales results, which were issued after markets closed on Monday.
Analyst Richard Jaffe commented that "an earlier Easter this year, unappealing product at both BR and Gap, and late merchandise receipts due to the West Coast port slowdown" caused a 12... More
FBR Capital Downgrades Gap, Inc. (GPS) to Market Perform Following Weak Comps
May 12, 2015 6:15 AM EDTFBR Capital downgraded Gap, Inc. (NYSE: GPS) from Outperform to Market Perform with a price target of $40.00 (from $48.00), saying accelerating weakness as Gap likely pushes the gross margin opportunity out.
Analyst Susan Anderson commented, "Our upgrade thesis was predicated upon the substantial gross margin opportunity, in part driven by consistent AUR progress and continued inventory discipline. However, the Gap segment appears to be decelerating at a faster pace than we anticipated (15% 1Q15... More
