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Stock Market & Financial Investment News

News Breaks
August 22, 2014
06:20 EDTGPSGap upgraded to Buy from Neutral at Janney Capital
News For GPS From The Last 14 Days
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May 22, 2015
07:44 EDTGPSGap turnaround timing remains uncertain, says UBS
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07:14 EDTGPSCredit Suisse remains cautious on The Gap
Credit Suisse believes The Gap's (GPS) core brand continues to struggle and is losing relevance with consumers. The firm's analyst said Gap brand's value proposition is being eroded by the rise of low-cost "deep value" retailers with efficient supply chains and lower markdown risk. Credit Suisse said Gap's supply chain is reliant on long-lead times and design teams removed from production, which should lead to comp and earnings pressure. Credit Suisse rates The Gap an Underperform with a $34 price target.
May 21, 2015
20:08 EDTGPSAnalysts unimpressed by Gap's Q1 results
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16:02 EDTGPSGap backs FY15 EPS $2.75-$2.80, consensus $2.78
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16:01 EDTGPSGap reports Q1 EPS 56c, consensus 56c
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15:01 EDTGPSNotable companies reporting after market close
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May 12, 2015
10:01 EDTGPSOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AG Mortgage (MITT) downgraded to Market Perform from Outperform at Keefe Bruyette... Brookfield Renewable (BEP) downgraded to Underperform from Neutral at Credit Suisse... Emera (EMRAF) downgraded to Equal Weight from Overweight at Barclays... Fibria Celulose (FBR) downgraded to Neutral from Buy at Citigroup... First Marblehead (FMD) downgraded to Neutral from Buy at Compass Point... First Security (FSGI) downgraded to Market Perform from Outperform at Raymond James... Gap (GPS) downgraded to Market Perform from Outperform at FBR Capital... Intelsat (I) downgraded to Underweight from Equal Weight at Morgan Stanley... LivePerson (LPSN) downgraded to Neutral from Outperform at Credit Suisse... MercadoLibre (MELI) downgraded on valuation, difficult comps at Stifel... Midway Gold (MDW) downgraded to Underperform from Outperform at RBC Capital... Numerex (NMRX) downgraded to Market Perform from Outperform at Northland... Portland General Electric (POR) downgraded to Neutral from Overweight at JPMorgan... Rackspace (RAX) downgraded to Outperform from Buy at CLSA... Rosetta Resources (ROSE) downgraded to Sector Weight from Overweight at KeyBanc... SouFun (SFUN) downgraded to Hold from Buy at Deutsche Bank... Verizon (VZ) downgraded to Underperform from Neutral at Macquarie.
06:24 EDTGPSGap downgraded to Market Perform from Outperform at FBR Capital
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May 11, 2015
17:55 EDTGPSGap price target lowered to $44 from $47 at Cantor
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16:06 EDTGPSGap down 1.2% after reporting April, Q1 same-store sales
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16:05 EDTGPSGap sees Q1 EPS 55c-56c, consensus 55c
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16:04 EDTGPSGap reports Q1 SSS down 4%
Gap reported Q1 net sales decreased 3% to $3.66B, compared with $3.77B for the first quarter last year. The translation of net sales in foreign currencies into U.S. dollars negatively impacted the company’s reported sales for Q1 by about $90M, primarily due to the weakening Japanese yen and Canadian dollar. On a constant currency basis, net sales for the first quarter of fiscal year 2015 decreased 1% compared with last year. Gap Inc.’s comparable sales for Q1 were down 4%, versus negative 1% last year. Comparable sales by global brand for the first quarter were as follows: Gap Global: negative 10%; Banana Republic Global: negative 8%; Old Navy Global: positive 3%.
16:02 EDTGPSGap reports April SSS down 12%
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