Top Consumer Shares:
Consumer shares were mixed in pre-market trade on Wednesday.
In consumer stocks news, The Gap Inc. (
) has been upgraded by analysts at Canaccord Genuity to buy from
The firm also raised its price target on the apparel company's
stock to $51 from $47 a share. In Wednesday's pre-market session,
shares of GPS are steady at $41.24, and move within a 52-week
trading range of $36.13 - $46.56.
And, ConAgra Foods (
) shares were down 5% after it said comparable fiscal Q4 EPS will
be below prior expectations.
Diluted per share performance, to be reported June 26, is
expected to be a loss of $0.76. After adjusting for items impacting
comparability, fiscal Q4 EPS is expected to be approximately $0.55;
the company's previous guidance anticipated comparable EPS slightly
in excess of $0.60 for the quarter.
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