Shares of San Francisco based clothing retailer Gap Inc. fell 75 cents in the aftermath of Goldman Sachs analyst, Michelle Tan’s decision to downgrade the stock from “Sell to Neutral”
Additionally, Tan lowered a 2009 profit outlook by one cent to $1.54 and prediction beneath the $1.51 forecast from Rueter’s analysts. She revised her 2011 profit outlook to $1.77 from $1.82.
The shares slipped 3.6 percent, to $19.87 in afternoon trading.
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