Gap, Inc. (GPS): Easy Compares, Low Expectations, Improving Results...PT Increase - Jefferies
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Stifel Reiterates Hold on Gap, Inc. (GPS); Blames Distribution Fire for Comp Decrease
October 7, 2016 8:47 AM EDTStifel 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
