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GPS

Gap

$23.19

-0.36 (-1.53%)

16:17
05/18/17
05/18
16:17
05/18/17
16:17

Gap reports Q1 EPS 36c, consensus 29c

Reports Q1 revenue $3.4B, consensus $3.39B. Gap Inc.'s comparable sales for the first quarter of fiscal year 2017 were up 2% versus a 5% decrease last year. Reports Q1 Old Navy Global SSS up 8%. Reports Q1 Gap Global SSS down 4%. Reports Q1 Banana Republic Global SSS down 4%.

  • 18

    May

GPS Gap
$23.19

-0.36 (-1.53%)

02/07/17
JEFF
02/07/17
NO CHANGE
Target $36
JEFF
Buy
Jefferies calls on Gap to consider alternatives for Banana
While the Gap brand last night reported its second consecutive month of positive comparable sales, and Old Navy remained positive, Banana Republic continued to struggle with comp sales down 4%, Jefferies analyst Randal Konik tells investors in a research note. Management needs to take action, the analyst argues. He believes management should consider strategic alternatives for Banana including a potential sale, massively reducing the store footprint, or shutting down the brand. Konik has a Buy rating on Gap with a $36 price target.
03/08/17
GUGG
03/08/17
INITIATION
GUGG
Neutral
Gap initiated with a Neutral at Guggenheim
04/20/17
JPMS
04/20/17
UPGRADE
Target $24
JPMS
Neutral
Gap upgraded to Neutral from Underweight at JPMorgan
JPMorgan analyst Matthew Boss upgraded The Gap to Neutral citing the underperformance of the shares over the past 18 months and his fieldwork which suggests stability at Old Navy. The analyst raised his price target for the shares to $24 from $21.
04/20/17
04/20/17
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. Starbucks (SBUX) upgraded to Buy from Hold at Stifel with analyst Mark Astrachan saying he views valuation as attractive and expects multiple expansion from accelerating U.S. comparable store sales growth to at least 5%-6% for the next four quarters starting in the June quarter. The analyst said shares have underperformed consumer and restaurant peers over the past 12 months and expects outperformance to be driven by meeting comp expectations. 2. Goldman Sachs (GS) upgraded to Overweight from Neutral at Atlantic Equities with analyst Christopher Wheeler telling investors investors shares are "oversold." The analyst expects the FICC business to bounce back and made just a small reduction in estimates to account for further cost measures. 3. Lear (LEA) upgraded to Outperform from Neutral at Baird with analyst David Leiker citing its recent underperformance despite improving fundamentals and a strong global auto backdrop. Leiker raised his price target to $161 from $160 on Lear shares. 4. Discovery (DISCA) upgraded to Neutral from Sell at Citi with analyst Jason Bazinet saying he sees little chance of material downward revisions to consensus earnings estimates. The analyst views the risk/reward as more balanced at current levels and upped his price target for the shares to $30 from $27. 5. Gap (GPS) upgraded to Neutral from Underweight at JPMorgan with analyst Matthew Boss citing the underperformance of the shares over the past 18 months and his fieldwork which suggests stability at Old Navy. The analyst raised his price target for the shares to $24 from $21. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LRLCY

L'Oreal

$42.24

-0.165 (-0.39%)

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18:47
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AAPL

Apple

$153.61

-0.26 (-0.17%)

, QCOM

Qualcomm

$57.52

-0.93 (-1.59%)

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Apple hires former Qualcomm VP to head SoC efforts, AppleInsider says »

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AAPL

Apple

$153.61

-0.26 (-0.17%)

QCOM

Qualcomm

$57.52

-0.93 (-1.59%)

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GS

Goldman Sachs

$223.53

1.06 (0.48%)

18:40
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Goldman Sachs bought $2.8B in Venezuelan bonds, WSJ says »

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ICAGY

IAG

$15.65

-0.305 (-1.91%)

18:36
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British Airways suffers 'major' IT failure »

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CNI

Canadian National

$77.01

-0.47 (-0.61%)

18:20
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Canadian National reaches tentative labor with train conductors, yard employees »

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PPG

PPG

$107.24

0.33 (0.31%)

, AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

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Hot Stocks
PPG says remains willing to engage with AkzoNobel »

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PPG

$107.24

0.33 (0.31%)

AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

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PPG

PPG

$107.24

0.33 (0.31%)

, AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

16:27
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05/29
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Periodicals
Court rejects Elliott challenge against AkzoNobel, Bloomberg says »

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PPG

PPG

$107.24

0.33 (0.31%)

AKZOY

AkzoNobel

$28.37

-0.11 (-0.39%)

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DIS

Disney

$108.41

1.14 (1.06%)

, VIA

Viacom

16:21
05/29/17
05/29
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16:21
Hot Stocks
Box Office Battle: 'Pirates' wins holiday weekend as 'Baywatch' stumbles »

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DIS

Disney

$108.41

1.14 (1.06%)

VIA

Viacom

VIAB

Viacom

$35.13

0.21 (0.60%)

FOX

21st Century Fox

$26.95

-0.28 (-1.03%)

FOXA

21st Century Fox

$27.03

-0.3 (-1.10%)

TWX

Time Warner

$99.07

0.1025 (0.10%)

CMCSA

Comcast

$40.91

0.57 (1.41%)

CMCSK

Comcast

LGF.A

Lionsgate

$27.76

2.21 (8.65%)

LGF.B

Lionsgate

$25.56

2.11 (9.00%)

SNE

Sony

$36.68

0.51 (1.41%)

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    Jun

DGAS

Delta Natural Gas

15:56
05/29/17
05/29
15:56
05/29/17
15:56
Conference/Events
Delta Natural Gas to host special shareholder meeting »

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FBRC

FBR & Co.

$17.65

0.65 (3.82%)

15:51
05/29/17
05/29
15:51
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Conference/Events
FBR & Co. to host special shareholder meeting »

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  • 01

    Jun

GM

General Motors

$33.07

0.47 (1.44%)

15:38
05/29/17
05/29
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General Motors says ISS recommends vote against Greenlight proposal »

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  • 06

    Jun

ABX

Barrick Gold

$16.38

0.39 (2.44%)

15:30
05/29/17
05/29
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Barrick Gold reports start, resolution of work stoppage at Veladero mine »

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  • 27

    Jul

WBAI

500.com

$9.62

0.86 (9.82%)

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500.com to acquire shares of MelcoLot Limited »

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RCII

Rent-A-Center

$11.21

0.07 (0.63%)

15:02
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Rent-A-Center says partly disagrees with ISS recommendation on board vote »

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  • 08

    Jun

NAT

Nordic American Tankers

$5.97

-0.58 (-8.86%)

14:58
05/29/17
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Earnings
Nordic American Tankers reports Q1 EPS (3c), may not compare to consensus (6c) »

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PTNR

Partner Communications

$5.16

-0.03 (-0.58%)

, NFLX

Netflix

$162.43

-0.62 (-0.38%)

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Israel's Partner Communications announces partnership with Netflix »

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PTNR

Partner Communications

$5.16

-0.03 (-0.58%)

NFLX

Netflix

$162.43

-0.62 (-0.38%)

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  • 01

    Jun

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APOP

Cellect Biotechnology

$9.24

-0.14 (-1.49%)

14:48
05/29/17
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14:48
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14:48
Earnings
Cellect Biotechnology reports Q1 EPS (3.7c), one estimate (22c) »

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RIC

Richmont Mines

$7.05

-0.15 (-2.08%)

14:43
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Richmont Mines reports 'strong' results from Island Gold Mine assessment »

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14:40
05/29/17
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General news
Canada Current Account Preview »

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General news
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HTHT

China Lodging

$79.24

1.97 (2.55%)

14:33
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China Lodging completes Crystal Orange transaction, says plans guidance revision »

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ARW

Arrow Electronics

$74.90

-0.29 (-0.39%)

14:27
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Arrow Electronics collaborates with Singapore's AIRmaker on startup acceleration »

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  • 05

    Jun

NDAQ

Nasdaq

$67.58

-0.61 (-0.89%)

14:25
05/29/17
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Nasdaq selected to power Kazakhstan stock exchange »

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ESLT

Elbit Systems

$121.00

-0.02 (-0.02%)

14:10
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Elbit Systems says awarded $390M electronic intelligence contract »

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CNI

Canadian National

$77.01

-0.47 (-0.61%)

14:08
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Canadian National says train conductors, yard employees give strike notice »

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