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GPS

Gap

$26.45

-0.09 (-0.34%)

19:01
10/16/16
10/16
19:01
10/16/16
19:01

Banana Republic 'quietly' converting some stores to outlets, NY Post says

Gap's Banana Republic is "quietly" converting some full-price stores to outlets, the New York Post reported Friday. At least three locations will be converted this year, the report noted. "We always evaluate our store fleet to ensure we have the right stores in the right locations to best serve our customers' needs," a company spokesperson remarked to the publication. Reference Link

GPS Gap
$26.45

-0.09 (-0.34%)

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.
10/07/16
10/07/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Gap (GPS) upgraded to Hold from Sell at Deutsche Bank with analyst Paul Trussell 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. 2. DuPont Fabros (DFT) upgraded to Buy from Hold at Stifel with analyst Matthew Heinz saying the company's current valuation reflects an expectation for weaker Q3 leasing activity. 3. Ralph Lauren (RL) upgraded to Conviction Buy from Buy at Goldman with analyst Lindsay Drucker Mann saying CEO Stefan Larsson's turnaround is firmly in place. 4. Restoration Hardware (RH) upgraded to Neutral from Underperform at Buckingham with the firm's analyst believing $1.60-$1.80 fiscal 2016 earnings are achievable, reducing the risk of further downward earnings revisions. 5. Vivint Solar (VSLR) upgraded to Neutral from Sell at Goldman with analyst Brian Lee saying the company is "moving on the path toward recovery." This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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ESRX

Express Scripts

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CVS

CVS Health

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Walgreens Boots Alliance

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$NSD

NASDAQ Market Internals

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SWKS

Skyworks

$107.93

0.44 (0.41%)

14:15
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Options
Skyworks put volume heavy and directionally bearish »

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  • 05

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FOMC announced balance sheet runoff in October and left rates unchanged »

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SPY

SPDR S&P 500 ETF Trust

$249.89

-0.08 (-0.03%)

, SPX

S&P 500

14:13
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Technical Analysis
Technical View: S&P 500 slips below the pivot low »

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SPY

SPDR S&P 500 ETF Trust

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PZRX

PhaseRx

$0.78

0.055 (7.64%)

14:11
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PhaseRx confirms receipt of FDA orphan drug designation for PRX-ASL »

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SNY

Sanofi

$49.34

0.24 (0.49%)

14:10
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14:10
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SPX

S&P 500

14:06
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Fed details plans to being reducing balance sheet »

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VRX

Valeant

$14.06

0.29 (2.11%)

14:05
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Valeant call volume above normal and directionally bullish »

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SPY

SPDR S&P 500 ETF Trust

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S&P 500

14:04
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Federal Reserve maintains median projection for year-end funds rate at 1.4% »

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SPX

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Fed says economic activity rising moderately this year »

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SPLK

Splunk

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Symantec

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SPX

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FOMC Meeting Announcement Federal Funds Rate data reported »

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RNVA

Rennova Health

$0.22

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13:55
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MLCO

Melco Resorts & Entertainment

$23.78

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MOH

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UnitedHealth

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MOH

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CNC

Centene

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WCG

WellCare

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CI

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Aetna

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