Fitch Cuts Gap, Inc. (GPS) to Junk Status

Stifel Cuts Price Target on Gap, Inc. (GPS) Following Weak April Results

May 10, 2016 9:27 AM EDT

Stifel maintained a Buy rating on Gap, Inc. (NYSE: GPS), and cut the price target to $28.00 (from $35.00), following the company's weak April results. The company established 1Q EPS guidance in the range of $0.31-$0.32, well below the consensus of $0.44. Margins will be... More

FBR Capital Remains Sidelined on Gap, Inc. (GPS) Following April Review

May 10, 2016 8:41 AM EDT

FBR Capital maintained a Market Perform rating and $27.00 price target on Gap, Inc. (NYSE: GPS) following the company's April review. GPS' SSS was 7%, missing the consensus estimates of /+1.1%. The company guided EPS to $0.31$0.32, versus consensus of $0.44. Management indicated once again that elevated inventory levels weighed on GM.

Analyst Susan Anderson commented, "GPS reported an April SSS miss of 7%, versus FBR/consensus... More

Wedbush Cuts Price Target on Gap, Inc. (GPS) to $19 Following Weak April

May 10, 2016 7:37 AM EDT

Wedbush maintained a Neutral rating on Gap, Inc. (NYSE: GPS), and cut the price target to $19.00 (from $25.00), following weak April results. GPS reported April SSS of (7)%, well below consensus of +0.5%, driven by disappointing results across all three divisions. Management guided 1Q EPS in the range of $0.31- $0.32... More

Amazon delivers S&P 500 its best day in two months

May 10, 2016 7:21 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com helping propel the S&P 500 to its best day in two months.

Buoyed as well by higher global stock markets, Wall Street's gains appeared to breathe new life into a two-month rally that had petered out in mid-April, and left the S&P 500 with an increase of nearly 2 percent for 2016.

Amazon (NASDAQ: AMZN) jumped 3.43 percent to a record of $703.07, giving the biggest boost to... More

Topeka Capital Downgrades Gap, Inc. (GPS) to Hold

May 10, 2016 6:54 AM EDT

Topeka Capital downgraded Gap, Inc. (NYSE: GPS) from Buy to Hold.

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 $21.81 yesterday.

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Gap Inc (GPS) PT Reduced to $21 at Piper Jaffray

May 10, 2016 6:51 AM EDT

Piper Jaffray analyst, Neely Tamminga cut her PT on Gap, Inc. (NYSE: GPS) to $21 from $25 after sales comps came in at -7% for April and -5% for the quarter. Management expects FQ1 EPS in the range of $0.31 to $0.32 (vs. consensus of $0.44). No... More

Gap, Inc. (GPS) Comps Fell 7% in April ; Prelim. Q1 EPS Misses Views

May 9, 2016 4:23 PM EDT

Gap Inc. (NYSE: GPS) announced April net sales were $1.12 billion for the four-week period ended April 30, 2016, compared with net sales of $1.21 billion for the four-week period ended May 2, 2015. For the first quarter of fiscal year 2016, Gap Inc.s net sales were $3.44 billion compared with $3.66 billion for the first quarter last year.

Gap Inc. also announced that it will take steps to better position the company for improved business performance and to build for the future. The company is identifying opportunities to streamline its operating model to be more efficient and flexible, while more fully... More