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GPS

Gap

$23.39

0.61 (2.68%)

09:53
07/14/17
07/14
09:53
07/14/17
09:53

Technical View: Gap rises, but trades far from significant resistance

The stock was last up over 2.5% to $23.35. At that price the first major resistance level is at the $26.50 area. That level has formed a line in a range going back to October 2016. Thereafter the $30 area would need to be cleared for the longer range from September 2015 to present date to be broken bullishly. Next support is at $22.89.

GPS Gap
$23.39

0.61 (2.68%)

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.
06/05/17
OPCO
06/05/17
UPGRADE
Target $28
OPCO
Outperform
Gap upgraded to Outperform from Perform at Oppenheimer
Oppenheimer analyst Anna Andreeva upgraded Gap to Outperform and raised his price target for the shares to $28 from $24. The shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in Q1, Andreeva tells investors in a research note. Operating primarily off-the-mall, Old Navy continues to benefit from department stores' "malaise," the analyst argues.
06/05/17
06/05/17
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. Yelp (YELP) upgraded to Buy from Neutral at BofA/Merrill with analyst Justin Post saying consensus estimates are achievable following the first quarter headline miss. The analyst sees improved quarterly net account adds ahead and improved execution driving shares higher. 2. Exxon Mobil (XOM) upgraded to Outperform from Sector Perform at Scotia Howard Weil with the firm saying recent weakness provides a buying opportunity for this defensive play within the oil patch. 3. eBay (EBAY) upgraded to Outperform from Neutral at Credit Suisse with analyst Paul Bieber assuming coverage on the stock while saying there are multiple paths to create value. 4. Gap (GPS) upgraded to Outperform from Perform at Oppenheimer with analyst Anna Andreeva saying the shares are down 17% from last month's highs despite the retailer posting 12% earnings growth in the first quarter. 5. Outfront Media (OUT) upgraded to Buy from Hold at Loop Capital with analyst David Miller saying he believes the "reward outweighs the risk" with the shares down 17% over the past 15 weeks. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/14/17
JPMS
07/14/17
NO CHANGE
Target $27
JPMS
Neutral
Gap added to Analyst Focus List at JPMorgan
JPMorgan analyst Matthew Boss added Netural-rated Gap to his firm's Analyst Focus List and upped his price target for the shares to $27 from $26. Trading at four times EBITDA with a 4% dividend and 8% free cash flow yield, Gap's near-term risk/reward is "too hard to ignore," Boss tells investors in a research note. He calls the company his top Specialty Softlines idea through the end of 2017.

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BOJA

Bojangles

$12.50

0.1 (0.81%)

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Atlassian

$40.25

0.44 (1.11%)

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AGN

Allergan

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General news
Fed funds futures are lower as safe haven flows unwind as risk appetite jumps »

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WBC

Wabco

$155.08

6.01 (4.03%)

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UAL

United Continental

$59.78

-8.21 (-12.08%)

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ENBL

Enable Midstream

$15.60

0.06 (0.39%)

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  • 01

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$DJT

DJ Transportation Average

08:22
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$DJU

DJ Utility Average

08:21
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DJX

Dow Jones Industrial Average

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IYT

iShares Transportation Average

$177.87

-0.23 (-0.13%)

08:21
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XLK

Technology Select Sector SPDR

$60.69

-0.18 (-0.30%)

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XLE

Energy Select Sector SPDR

$67.64

-0.21 (-0.31%)

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XLY

Consumer Discretionary Sector SPDR

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Technical Analysis
Consumer Discretionary Sector SPDR: Pivot points »

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XLB

S&P Select Materials SPDR

$58.24

0.22 (0.38%)

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XLU

Utilities SPDR

$54.82

0.57 (1.05%)

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XLP

Consumer Staples Sector SPDR

$54.03

-0.29 (-0.53%)

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SKX

Skechers

$24.03

-1.06 (-4.22%)

08:18
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XLV

Health Care Select Sector SPDR

$83.79

0.51 (0.61%)

08:18
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Technical Analysis
Health Care Select Sector SPDR: Pivot points »

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IWM

iShares Trust Russell 2000 Index Fund

$149.29

-0.23 (-0.15%)

08:18
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Technical Analysis
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