UBS Downgrades Gap, Inc. (GPS) to Sell

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Go back to UBS Downgrades Gap, Inc. (GPS) to Sell

Victoria's Secret and Gap downgraded on macro headwinds

January 5, 2023 11:17 AM EST

UBS analyst Jay Sole downgraded Gap, Inc. (NYSE: GPS) and Victoria's Secret & Co. (NYSE: VSCO) to Sell from Neutral in a note to clients on Thursday.

The analyst told investors that they anticipate macro forces and share loss will cause Gap and Victoria's Secret to deliver weak growth and miss street expectations.

Focusing on Gap, the analyst... More