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GPS

Gap

09:22
10/07/16
10/07
09:22
10/07/16
09:22

Gap moves sharply higher after September comparable sales update

The company last night gave an update and the stock is reacting higher this morning, with price last at $24.45 and up over 7.3%. At that price next resistance is at $25.36. Support is at $23.77. Deutsche Bank upgraded the shares to Hold and set its price target at $24. Jefferies issued a positive note and raised its price target to $32.

GPS Gap

08/19/16
MSCO
08/19/16
NO CHANGE
Target $21
MSCO
Underweight
Gap valuation stretched adn upside limited, says Morgan Stanley
Morgan Stanley analyst Kimberly Greenberger said Gap's valuation appears stretched and upside is limited. The analyst said even the most bullish expectations for $2.25-$2.30 in 2017 implies zero earnings growth since 2012, with less scope for cuts in marketing expense, wage inflation, and other SG&A inflation. Greenberger has an Underweight rating on Gap and a $21 price target on shares.
10/07/16
DBAB
10/07/16
UPGRADE
Target $24
DBAB
Hold
Gap upgraded to Hold from Sell at Deutsche Bank
Deutsche Bank analyst Paul Trussell upgraded Gap to Hold saying the company's near- to medium-term setup is more favorable amid easing compares over the next few months and an improved apparel backdrop. Trussell raised his price target for the shares to $24 from $18.
10/07/16
UBSW
10/07/16
NO CHANGE
Target $16
UBSW
Sell
Gap distribution center fire impact not done being felt, says UBS
UBS analyst Michael Binetti noted Gap's distribution center fire in August had a significant impact on September sales and that the company estimates that the fire will be a 3 point drag to October same-store sales as well. Additionally, Binetti said Florida, Georgia and South Carolina account for 10% of the company's North America store count and that Gap will close some stores amid this weekend's hurricane, further impacting October sales. The company mentioned that merchant margins were higher than expected which should offset any negative earnings impact, however. The analyst is cautious of the company's ability to pull back on promotions to drive a comp inflection and reiterated his Sell rating and $16 price target on Gap shares.
10/07/16
JEFF
10/07/16
NO CHANGE
Target $32
JEFF
Buy
Jefferies sees 'sizable upside potential' in Gap shares
Jefferies analyst Randal Konik raises his price target for Gap shares to $32 from $30 following the retailer's September results. Trends are Old Navy are accelerating while a bottom setting in at The Gap, Konik tells investors in a research note. The analyst sees an "asymmetric risk/reward" for shares with downside "fairly limited" and "sizable upside potential." He sees easy comparisons as a near-term catalyst and keeps a Buy rating on the shares.

TODAY'S FREE FLY STORIES

INSW

International Seaways

$14.40

0.86 (6.35%)

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BFS

Saul Centers

$66.45

-0.96 (-1.42%)

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Saul Centers raises quarterly dividend 8.5% to 51c from 47c per share »

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ASNA

Ascena Retail

$8.04

-0.07 (-0.86%)

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Ascena Retail names David Jaffe chairman of the board »

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MORN

Morningstar

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Morningstar raises quarterly dividend to 23c from 22c per share »

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SAND

Sandstorm Gold

$3.83

-0.19 (-4.73%)

16:07
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Breaking Syndicate news story on Sandstorm Gold »

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ACIU

AC Immune

$14.93

2.88 (23.90%)

, RHHBY

Roche

$27.86

0.78 (2.88%)

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ACIU

AC Immune

$14.93

2.88 (23.90%)

RHHBY

Roche

$27.86

0.78 (2.88%)

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MDVX

Medovex

$1.50

0.03 (2.04%)

16:03
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Breaking Hot Stocks news story on Medovex »

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BDC

Belden

$78.79

-1.69 (-2.10%)

16:01
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Belden extends shareholder rights agreement »

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GENE

Genetic Technologies

$1.19

-0.01 (-0.83%)

15:59
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Breaking Hot Stocks news story on Genetic Technologies »

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FLO

Flowers Foods

$19.26

2.2325 (13.11%)

15:53
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Recommendations
Flowers Foods analyst commentary  »

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HAL

Halliburton

$54.22

-0.21 (-0.39%)

15:50
12/09/16
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15:50
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15:50
Options
Halliburton Dec 48.5 puts for a nickel per contract »

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  • 23

    Jan

BIIB

Biogen

$289.54

4.24 (1.49%)

15:43
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15:43
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Biogen analyst commentary  »

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VLO

Valero

$67.84

-0.535 (-0.78%)

15:40
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Options
Higher option volume in Valero driven by downside put purchases »

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SKLN

Skyline Medical

$2.94

-0.01 (-0.34%)

15:36
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Syndicate
Skyline Medical files to sell 1.925M units »

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HMNY

Helios and Matheson

$4.26

-0.08 (-1.84%)

15:35
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Farnsworth acquires 1.74M Helios and Matheson shares as part of merger pact »

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FLO

Flowers Foods

$19.10

2.07 (12.16%)

15:32
12/09/16
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15:32
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Upgrade
Flowers Foods rating change  »

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WBA

Walgreens Boots Alliance

$84.28

-0.71 (-0.84%)

, RAD

Rite Aid

$8.20

0.045 (0.55%)

15:25
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Periodicals
Walgreens near finalizing Rite Aid divestiture package, CTFN reports »

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WBA

Walgreens Boots Alliance

$84.28

-0.71 (-0.84%)

RAD

Rite Aid

$8.20

0.045 (0.55%)

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  • 05

    Jan

BAS

Basic Energy

$0.44

-0.0039 (-0.89%)

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$NYE

NYSE Market Internals

15:16
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NYSE market internals summary »

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$NSD

NASDAQ Market Internals

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NASDAQ market internals summary »

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XLF

Financial Select Sector

, XLK

Technology Select Sector SPDR

$48.54

0.24 (0.50%)

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XLF

Financial Select Sector

XLK

Technology Select Sector SPDR

$48.54

0.24 (0.50%)

XLY

Consumer Discretionary Sector SPDR

$84.07

-0.05 (-0.06%)

SPY

SPDR S&P 500 ETF Trust

$226.00

0.85 (0.38%)

SPX

S&P 500

$2,254.88

8.69 (0.39%)

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15:05
12/09/16
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General news
Treasury Closing Summary: »

Treasury Closing Summary:…

FEYE

FireEye

$13.84

0.23 (1.69%)

15:00
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Options
FireEye calls active »

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BAS

Basic Energy

$0.44

-0.0045 (-1.02%)

14:57
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Basic Energy announces court approval of restructuring, recapitalization plan »

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SYY

Sysco

$54.93

0.6 (1.10%)

14:55
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Sweep call buyer in SYY »

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  • 09

    Jan

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