Gap Inc. Reports June Sales Results
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Stifel Remains Sideliend on Gap, Inc. (GPS) Despite Positive Sales Report
July 8, 2016 9:43 AM EDTStifel reiterated a Hold rating on Gap, Inc. (NYSE: GPS) following the release of the company's June sales results. Comp sales increased 2% in June, well above consensus estimates. The company saw an acceleration of traffic and sales at all divisions heading into Memorial Day. The results were also... More
Nomura Securities Raises Price Target on Gap, Inc. (GPS) Following 'Better-Than-Expected' Comps
July 8, 2016 7:29 AM EDTNomura Securities maintained a Neutral rating on Gap, Inc. (NYSE: GPS), and raised the price target to $22.00 (from $18.00), following a better-than-expected comp report.
Analyst Simeon Siegel commented, "As had been telegraphed by some data, GPS posted a better-than-expected comp (helped by the... More
