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GPS

Gap

$32.97

1 (3.13%)

, LULU

Lululemon

$106.37

1.13 (1.07%)

08:20
05/25/18
05/25
08:20
05/25/18
08:20

Gap pullback a buying opportunity, says Jefferies

Jefferies analyst Randal Konik recommends using the post-earnings pullback in shares of Gap (GPS) as a buying opportunity. The "subpar" Q1 performance was driven by margin compression as heavy markdowns plagued the Gap brand, Konik tells investors in a research note. The analyst believes capital should continue to be diverted away from Gap and Banana Republic and toward Old Navy and Athleta to maximize earnings and cash flow. He notes that Gap's total market capitalization is now $2B less than Lululemon (LULU). Konik lowered his price target for Gap to $45 from $48 and keeps a Buy rating on the shares.

GPS

Gap

$32.97

1 (3.13%)

LULU

Lululemon

$106.37

1.13 (1.07%)

  • 31

    May

  • 12

    Jun

  • 26

    Jun

GPS Gap
$32.97

1 (3.13%)

03/12/18
FBCO
03/12/18
INITIATION
Target $35
FBCO
Neutral
Gap initiated with a Neutral at Credit Suisse
Credit Suisse initiated Gap with a Neutral and $35 price target.
05/15/18
TLSY
05/15/18
UPGRADE
TLSY
Outperform
Gap upgraded to Outperform from Market Perform at Telsey Advisory
05/15/18
05/15/18
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. Gap (GPS) upgraded to Outperform from Market Perform at Telsey Advisory. 2. CBS (CBS) upgraded to Outperform from Market Perform at Bernstein with the firm saying it views the probability of a CBS-Viacom (VIAB) re-merger as close to zero, for many years to come. 3. Ulta Beauty (ULTA) upgraded to Outperform from Perform at Oppenheimer with analyst Rupesh Parikh saying he still sees the potential for more gains and outperformance from current levels. 4. Valeant (VRX) upgraded to Buy from Neutral at Mizuho with analyst Irina Koffler saying adjusting individual product growth estimates has made her more constructive on Valeant's turnaround story. 5. Scotts Miracle-Gro (SMG) upgraded to Buy from Hold at SunTrust with analyst William Chappell saying he believes the bottom in the stock price has been reached, leading to its usual "counter seasonal trend of outperformance" given that the stock has outperformed the S&P500 from June to January in the past 11 of 15 years. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/25/18
RHCO
05/25/18
NO CHANGE
Target $29
RHCO
Hold
Gap price target lowered to $29 from $35 at SunTrust
SunTrust analyst Pamela Quintiliano lowered her price target on Gap to $29 after its Q1 earnings miss, saying that despite the management optimism, there is little to be excited about given the challenges at Gap brand division and its pressure on inventories and margins. The analyst adds that while Old Navy is "firing on all cylinders", there is less upside for the segment, while margin expansion will be more reliant on the Gap brand. Quintiliano keeps her Hold rating on Gap Inc.
LULU Lululemon
$106.37

1.13 (1.07%)

05/11/18
WEDB
05/11/18
INITIATION
Target $90
WEDB
Neutral
Lululemon initiated with a Neutral, valuation 'rich,' says Wedbush
Wedbush analyst Jennifer Redding initiated Lululemon with a Neutral and $90 price target saying shares are "priced near perfection."
05/11/18
05/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tyson Foods (TSN) initiated with an Outperform at Bernstein. 2. Dexcom (DXCM) initiated with a Buy at BofA/Merrill. 3. Riot Blockchain (RIOT) initiated with a Buy at H.C. Wainwright. 4. American Eagle (AEO) initiated with an Outperform at Wedbush, while Abercrombie & Fitch (ANF) , Express (EXPR) initiated with a Neutral at Wedbush, and Lululemon (lulu) were initiated with a Neutral. 5. Lincoln National (LNC) reinstated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/21/18
RHCO
05/21/18
NO CHANGE
Target $114
RHCO
Buy
Lululemon price target raised to $114 from $95 at SunTrust
SunTrust analyst Pamela Quintilliano raised her price target on Lululemon (LULU) to $114 and kept her Buy rating as part of her broader research note on Specialty Retail sector. The analyst notes that the adverse weather factors are being overlooked by investors in this market-outperforming space as macro trends appear to be benefiting the consumer. For Lululemon, Quintilliano notes that its inventory to sales ratio at the end of Q4 was among the lowest in the peer group, and that despite the stock's valuation premium of 31.7-times forward PE vs. 25-times historic average, she expects the momentum in the sales of the company's products to benefit its shares. The analyst also favors Buy-rated Chico's FAS (CHS) on its cost-cutting initiatives and operating efficiencies, as well as Urban Outfitters (URBN) based on its "impressive intra-quarter trends" and well controlled promotions. Quintilliano raises her price target on the latter to $47 from $42.
05/22/18
STFL
05/22/18
NO CHANGE
Target $97
STFL
Hold
Lululemon price target raised to $97 from $81 at Stifel
Stifel analyst Jim Duffy said the recent strength in Lululemon shares indicates investors are anticipating strong Q1 results and he expects the company to deliver in light of lapping easy compares against merchandising and ecommerce missteps in 1Q17. He also expects any upside from Q1 to be passed through to FY18 guidance and he raised his price target on the stock to $97 from $81 in advance of the report. However, Duffy maintains a Hold rating on Lululemon, citing valuation and execution risk.

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SD

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American Airlines

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BAESY

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WBA

Walgreens Boots Alliance

$64.61

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, GE

General Electric

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  • 28

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HPE

HP Enterprise

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