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Fly News Breaks for September 17, 2019
GPS
Sep 17, 2019 | 08:15 EDT
Argus analyst Deborah Ciervo kept her Hold rating on Gap shares, saying that while the management's "aggressive" efforts to restructure its business and adapt to the changes in the retail environment are encouraging, the company is still facing challenges with "product assortment issues and increased levels of discounting". The analyst further cites Gap's decline in comp growth and weaker traffic trends as seen in the most recent reported quarter that warrant a neutral stance.