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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%)

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.
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.
03/08/17
GUGG
03/08/17
INITIATION
GUGG
Neutral
Gap initiated with a Neutral at Guggenheim
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.

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  • 24

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HAS

Hasbro

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ALRN

Aileron Therapeutics

$12.78

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CPRX

Catalyst Pharmaceuticals

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  • 25

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HAS

Hasbro

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KCDMY

Kimberly-Clark de Mexico

$10.34

-0.3 (-2.82%)

06:28
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Upgrade
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PPG

PPG

$106.37

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FND

Floor & Decor

$37.40

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MRSN

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MTZ

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  • 12

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MIK

Michaels

$19.02

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MRSN

Mersana Therapeutics

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C

Citi

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  • 25

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BHF

Brighthouse Financial

, MET

MetLife

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ACM

Aecom

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