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Fly News Breaks for May 25, 2018
GPS
May 25, 2018 | 07:10 EDT
SunTrust analyst Pamela Quintiliano lowered her price target on Gap to $29 after its Q1 earnings miss, saying that despite the management optimism, there is little to be excited about given the challenges at Gap brand division and its pressure on inventories and margins. The analyst adds that while Old Navy is "firing on all cylinders", there is less upside for the segment, while margin expansion will be more reliant on the Gap brand. Quintiliano keeps her Hold rating on Gap Inc.
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