Gap (GPS) 2016 EPS Still At Risk - Wedbush

Jefferies Cuts Price Target on Gap, Inc. (GPS) to $26 Following 1Q Report

Jefferies 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

UBS 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

Nomura 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

Cowen 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

Mizuho Securities Cuts Price Target on Gap, Inc. (GPS) Following In-Line 1Q

Mizuho 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

S&P Downgrades Gap, Inc. (GPS) to 'BB+'; Outlook Stable

S&P Global Ratings lowered the corporate credit rating on The Gap Inc. (NYSE: GPS) to 'BB+' from 'BBB-'. The outlook is stable.

We lowered our rating on the company's senior unsecured debt to 'BB+' from 'BBB-' and assigned a '3' recovery rating, which reflects our expectation for meaningful recovery in the event of default at the high end of the 50% to 70% range.

"The rating action reflects the company's continued weakened operating performance, a trend we expect to persist in at least the next 12 months," said credit analyst... More

Gap (GPS) volatility elevated on inline Q1 as shares near five-year low

Gap (NYSE: GPS) is recently up 72c to $18 in the premarket on inline EPS, guidance and sees net closures of about 50 company operated stores in 2016. May call option implied volatility is at 118, June is at 45; compared to its 52-week range of 20 to 62.

Stifel Downgrades Gap, Inc. (GPS) to Hold

Stifel downgraded Gap, Inc. (NYSE: GPS) from Buy to Hold, on challenged fundamentals with little visibility into improvement.

Analyst Richard Jaffe commented, "We are downgrading Gap to a Hold. The various merchandising initiatives management has put in place at Gap division have not resonated with the consumer. Old Navy... More