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