Janney Capital says channel checks on Buy-rated Gap (GPS +0.2%) indicate the current quarter is...

|By:, SA News Editor

Janney Capital says channel checks on Buy-rated Gap (GPS +0.2%) indicate the current quarter is trending strong as it lines up the company for an upside earnings surprise. Staying in line with a trend in the sector, Gap has pulled back on promotional activity in the second half of the year.