Gap, Inc. (GPS) May Comps Rose 1%

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Gap (GPS) May Comps Top Consensus; Should Continue Showing Improvement - Stifel

June 6, 2014 8:17 AM EDT

Stifel affirms Gap, Inc. (NYSE: GPS) at Buy with a price target of $48 following May sales numbers.

Analyst Richard Jaffe noted that Gap's May comps rose 1 percent, versus his estimate of a 2 percent gain. The consensus was at 0.9 percent. Merchandise assortment improvements at... More