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Fly News Breaks for July 8, 2016
GPS
Jul 8, 2016 | 07:44 EDT
UBS analyst Michael Binetti said Gap's positive same-store sales reported in June, which he notes is the company's first positive monthly comp since March 2015, takes "the negative catalyst off the table for now," but he added that the Memorial Day shift was a contributor and that SSS could go back to being negative in July. The analyst, who continues to believe the Street's FY17 earnings estimate is too high and assumes too much of an improvement in underlying business momentum, keeps a Sell rating on Gap shares.
News For GPS From the Last 2 Days
GPS
Apr 25, 2024 | 12:05 EDT
