Gap, Inc. (GPS) March Comps Fell 6%, Missing Expectations

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Stifel Affirms Gap (GPS) at 'Buy'; Lackluster Sring Merchandise Assortment Hampers March Sales

April 8, 2016 6:17 AM EDT

Stifel affirms its Buy rating and $35 price target on Gap (NYSE: GPS) after the company reported March sales results on Thursday night.

Analyst Richard Jaffe noted Comp sales decreased 6% in March, below our estimate and consensus. Sales in the first several weeks... More