Gap, Inc. (GPS) Comps Fell 3% in Sept., Narrower than Expected

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Go back to Gap, Inc. (GPS) Comps Fell 3% in Sept., Narrower than Expected

Stifel Reiterates Hold on Gap, Inc. (GPS); Blames Distribution Fire for Comp Decrease

October 7, 2016 8:47 AM EDT

Stifel reiterated a Hold rating and $25.00 price target on Gap, Inc. (NYSE: GPS) following the company's September comp sales report. Comp sales decreased 3%, in-line consensus estimates. Management believes that a fire at the companys Fishkill, NY distribution center is to blame for the loss.

Analyst Richard Jaffe... More

Deutsche Bank Upgrades Gap, Inc. (GPS) to Hold

October 7, 2016 7:12 AM EDT

Deutsche Bank upgraded Gap, Inc. (NYSE: GPS) from Sell to Hold with a price target of $24.00 (from $18.00). The change follows the release of September results.

Analyst Paul Trussell said, "While questions around long-term door count & price competition from fast fashion peers will... More

Mizuho Securities Remains Sidelined on Gap, Inc. (GPS) Following In-Line Comp Report

October 7, 2016 7:11 AM EDT

Mizuho Securities reiterated a Neutral rating and $24.00 price target on Gap, Inc. (NYSE: GPS) following the company's September comp report. The company reported comps of (3)%, in-line with the Streets (3.1)% estimate. Total sales decreased (2)% to $1.43bn vs. $1.46bn LY.

Analyst Betty Chen... More