american eagle outfitters

Morgan Stanley lowers Gap's stock to underweight

Morgan Stanley lowered Gap's stock to an "underweight" rating from "equal-weight", citing key weakness in the company's business. Analyst at Morgan Stanley fixed an objective price of $26 for Gap's stock, down 11% from the present level.

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Aeropostale to slash headcount; reaffirms Q4 outlook

The New York based teen retailer plans to eliminate its corporate headcount as its sales fall. The company also reaffirmed its outlook for the fourth quarter.

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