Information Provided By: 
Fly News Breaks for November 28, 2018
GPS
Nov 28, 2018 | 07:08 EDT
MKM Partners analyst Roxanne Meyer lowered her price target on Gap to $30 and kept her Neutral rating after its Q3 earnings last week. The analyst notes that the results were a "mixed bag" with sequentially improving comps but lower gross margin and higher SG&A costs. Meyer adds that Banana Republic is recovering, with consecutive quarters of positive comps and indications of accelerating momentum in Q4, but the Gap brand comps were worse than expected, with the closing of underperforming stores being potentially "just a first step".
News For GPS From the Last 2 Days
GPS
Apr 25, 2024 | 12:05 EDT
