The Gap (GPS) Reports Flat Comps in Sept.
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Janney Downgrades Gap, Inc. (GPS) to Neutral
October 9, 2014 6:35 AM EDTJanney downgraded Gap, Inc. (NYSE: GPS) from Buy to Neutral with a price target of $41.00 (from $50.00).
Analyst Adrienne Yih-Tennant comments, "We are downgrading shares of GPS to Neutral from Buy based on: 1) below-plan performance at Gap brand, 2) persistent negative comps and margin pressure... More
Sterne Agee Downgrades Gap, Inc. (GPS) to Neutral
October 9, 2014 6:32 AM EDTSterne Agee downgraded Gap, Inc. (NYSE: GPS) from Buy to Neutral with a price target of $40.00 (from $52.00).
Analyst Ike Boruchow commented, "Downgrading GPS to Neutral from Buy as the inflection at the Gap brand is not progressing as we expected, leading to... More
The Gap (GPS) Names Successor to CEO Murphy
October 8, 2014 4:00 PM EDTThe Gap (NYSE: GPS) announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the Board of Directors to succeed Glenn Murphy as the companys next chief executive officer, effective February 1, 2015. Murphy and Peck have worked side-by-side for the better part of a decade as Gap Inc. dramatically improved its financial performance while expanding globally.
Following seven successful years in his role, Murphy made the personal decision to retire from the company at the end of the fiscal year, allowing for a smooth and seamless... More
