Janney Montgomery Scott Maintains a 'Buy' on Gap, Inc. (GPS); Accumulate on Potential Weakness
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Price: $40.96 +0.91%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade GPS Now!
Janney Montgomery Scott maintains a 'Buy' on Gap, Inc. (NYSE: GPS) price target of $34.00.
Analyst, Adrienne Tennant, said, "GPS reported a May comp of +2.0% versus Retail Metrics consensus of +3.3% (includes comparable online sales). We point out that we believe almost the entire short fall relative to consensus was due to a shift in Old Navy's immensely popular traffic-driving $1 Flip Flop Sale Event. We believe this event may be shifting to the July 4th holiday. Historically, the sale event has been ahead of either Memorial Day or July 4th."
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 $26.67 yesterday, with a 52 week range of $15.08-$29.23.
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Analyst, Adrienne Tennant, said, "GPS reported a May comp of +2.0% versus Retail Metrics consensus of +3.3% (includes comparable online sales). We point out that we believe almost the entire short fall relative to consensus was due to a shift in Old Navy's immensely popular traffic-driving $1 Flip Flop Sale Event. We believe this event may be shifting to the July 4th holiday. Historically, the sale event has been ahead of either Memorial Day or July 4th."
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 $26.67 yesterday, with a 52 week range of $15.08-$29.23.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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