Form 8-K GAP INC For: Aug 18
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Stifel Says Strength in Old Navy Not Enough to Offset Other Weakness at Gap (GPS); Affirms at 'Hold'
August 19, 2016 6:02 AM EDTStifel affirms its Hold rating on Gap (NYSE: GPS) following the retailer's Q2 report late Thursday.
Analyst Richard Jaffe noted that Gap's EPS of $0.60 came in 1 cent above its recent outlook of $0.58 - $0.59.
Jaffe also offered the following commentary:
Gap fell short in 2Q with negative comp sales and flat margins versus an easy comparison in the... More
