JP Morgan downgrades Gap, says it’s not ready for the holidays and faces higher costs from tariffs


TradingView is the most active social network for traders and investors. Talk to millions of traders from all the world, discuss trading ideas and place live orders: sign up here

J.P. Morgan downgraded Gap shares to underweight Thursday, predicting the clothier could face profit pressure throughout the holiday season as it struggles with operational issues and skewed inventory.

READ MORE  ? Crypto EXPLODES Higher! | Bitcoin Threatens To Hard-Fork | Bitmain's Next-Gen Miners | More!

“The time frame for Gap banner sequential SSS [same-store sales] improvement and return to ‘momentum’ is now less certain in our view as the brand grapples with operational issues and second-half assortment imbalance…

Source link


Leave a Reply