S&P Downgrades Gap, Inc. (GPS) to 'BB+'; Outlook Stable
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Jefferies Cuts Price Target on Gap, Inc. (GPS) to $26 Following 1Q Report
May 20, 2016 9:09 AM EDTJefferies maintained a Buy rating on Gap, Inc. (NYSE: GPS), and cut the price target to $26.00 (from $28.00) following the company's 1Q earnings report. GPS announced a series of actions (including the exit of Old Navy Japan) that will reduce annualized expenses by... More
UBS Cuts Price Target on Gap, Inc. (GPS) Following In-Line 1Q
May 20, 2016 8:59 AM EDTUBS maintained a Sell rating on Gap, Inc. (NYSE: GPS), and cut the price target to $16.00 (from $18.00), following the company's 1Q earnings report. GPS reported EPS of $0.32, in line with estimates.
Analyst Michael Binetti commented, "GPS reported an in line 1Q EPS of $0.32,... More
Gap (GPS) PT Lowered to $18 at Nomura
May 20, 2016 8:28 AM EDTNomura Securities analyst Simeon Siegel reiterated a Neutral rating and cut his price target on Gap, Inc. (NYSE: GPS) to $18.00 (from $19.00) following results and outlook.
Siegel commented, "Mgmt noted that they were "not reaffirming" FY16 EPS guidance, commenting that the consensus estimate of $1.92 "falls within a reasonable range of potential outcomes," but also noting that trends "would need to improve from 1Q16 in order to achieve this estimate." We have been discussing our... More
Cowen Cuts Price Target on Gap, Inc. (GPS) as Old Navy Pulls Out of Japan
May 20, 2016 8:25 AM EDTCowen maintained a Market Perform rating on Gap, Inc. (NYSE: GPS), and cut the price target to $20.00 (from $21.00), following the company's 1Q earnings report. With an eye on ensuring that they are doing business in regions with the most opportunity for profitability,... More
Gap (GPS) 2016 EPS Still At Risk - Wedbush
May 20, 2016 7:20 AM EDTWedbush analyst, Morry Brown, sees cost cuts at Gap, Inc. (NYSE: GPS) improving EPS for 2017, but fundamentals of the companys core businesses remain under pressure. 1Q's incremental information was largely centered on meaningful cost cuts, from a combination of closing doors internationally and... More
Mizuho Securities Cuts Price Target on Gap, Inc. (GPS) Following In-Line 1Q
May 20, 2016 7:16 AM EDTMizuho Securities maintained an Underperform rating on Gap, Inc. (NYSE: GPS), and cut the price target to $17.00 (from $18.00), following the company's 1Q earnings report. GPS reported EPS of $0.32, in-line with the Streets expectation on already reported comps of (5)%.
Analyst Betty Chen... More
