CNBC Pro

Citi downgrades several apparel stocks, including Gap, because of inflation hitting consumers

Men wearing face masks walk past a Gap store at a shopping area, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020.
Jason Lee | Reuters

A squeeze on lower-income consumers as shown by last week's earnings reports are a "wake-up call" for retail companies including Gap, according to Citi.

More In Street Calls

CNBC ProWall Street analysts are getting bullish on these 'under-the-radar' stocks
CNBC ProBofA upgrades Alliant Energy to buy, saying it will benefit from climate bill
CNBC ProHere are Friday's biggest analyst calls: Rivian, Oracle, Teladoc, Bed Bath & Beyond, Walmart & more