Form 8-K GAP INC For: Aug 20
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Stifel Maintains 'Buy' Rating on Gap (GPS); While Old Navy Outperforms, Gap Continues to Hamper Results
August 21, 2015 6:59 AM EDTStifel affirms Gap, Inc. (NYSE: GPS) at Buy with a price target of $40 following the clothier's Q2 report on Thursday night.
Analyst Richard Jaffe noted that EPS of $0.64 was flat with recently established guidance. The analyst commented, Foreign exchange had a negative 5% impact on EPS. While GPS remains a well-controlled and well managed business, the merchandising challenge facing Gap division continues to compromise results despite outperformance at Old Navy. The less-than-appealing merchandise... More
