Gap, Inc. (GPS): 6 Takeaways From Management Visit - Jefferies

October 12, 2016 8:12 AM EDT
Get Alerts GPS Hot Sheet
Price: $23.97 -0.75%

Rating Summary:
    8 Buy, 25 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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Jefferies analyst, Randal Konik, reiterated his Buy rating on shares of Gap, Inc. (NYSE: GPS) after meeting with management. Key points that came from the conversation include:
1) Old Navy is on a firm footing and seeing improvement
2) Gap is witnessing early signs of building product acceptance
3) Margin improvement is on the way
4) Supply chain flexibility and speed are being enhanced
5) Real estate scale presents an opportunity
6) Banana Republic remains challenged

No change to the price target of $32.

For an analyst ratings summary and ratings history on Gap, Inc. click here. For more ratings news on Gap, Inc. click here.

Shares of Gap, Inc. closed at $26.56 yesterday.

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