(Reuters) -Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as budget-strained Americans snap up its trendy denim bottoms and active wear apparel. Shares of .
StockNews.com upgraded shares of American Eagle Outfitters (NYSE:AEO – Free Report) from a hold rating to a buy rating in a research note released on Monday. A number of other research firms have also recently issued reports on AEO. JPMorgan Chase & Co. raised American Eagle Outfitters from a neutral rating to an overweight rating […]
Gap raised its annual sales forecast and its first-quarter results beat market expectations, boosted by strength in its Old Navy and Gap brands as Americans snap up its trendy denims and limited edition apparel. Gap s quarterly store sales jumped 3% from a year ago as it has been expanding its store presence, while online sales rose 5% to account for 38% of the total sales.