Gap Inc shares dropped 3.8% following Jefferies' downgrade from "Buy" to "Hold" due to concerns over softening sales trends at its Old Navy division. Jefferies lowered the price target to $23, citing increased promotions, weakening customer survey metrics, and a 13% year-over-year drop in purchase consideration for Old Navy. Despite these concerns, Jefferies remains optimistic about the turnaround at the Gap brand itself, highlighting positive sales trends and successful new product initiatives. However, the brokerage no longer expects a low-single-digit percentage sales and EBITDA lift from these initiatives by 2027.
Yvonne Wassenaar, a director at Rubrik, sold 721 shares at a price of $75 each just before the company's stock experienced a significant rally. This sale occurred ahead of the stock's upward movement, which may be of interest to investors tracking in...
Gold and silver prices increased in early U.S. trading following a surprise 0.6% drop in July retail sales, which strengthened market expectations that the Federal Reserve may hold interest rates steady in September. The softer consumer data, combine...
Clover Health (CLOV) reported significant growth with a 48% year-over-year increase in Medicare Advantage membership, 56% revenue growth, and 54% gross profit growth. This performance is driven by cohort maturation and the Clover Assistant platform. ...
Celcuity Inc. is rated a Buy following the FDA approval of its cancer drug REVTORPYK/gedatolisib and its rapid inclusion in NCCN Category 1 guidelines, which reduce risks for clinical and commercial adoption. The company has made significant upfront ...
Tapestry, owner of Coach and Kate Spade, beat Q4 revenue and earnings expectations but saw its stock fall 16.5% due to cautious FY2027 guidance. Revenue rose 8.9% to $1.88 billion and EPS beat estimates at $1.32, with margin expansion. However, the g...
