FBR Notes Strong June Sales Results for Gap (GPS), But Remains Sidelined Until Comps Stabilize

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Go back to FBR Notes Strong June Sales Results for Gap (GPS), But Remains Sidelined Until Comps Stabilize

Stifel Remains Sideliend on Gap, Inc. (GPS) Despite Positive Sales Report

July 8, 2016 9:43 AM EDT

Stifel 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