Jefferies Lifts PT on Gap (GPS) to $51
Tweet Send to a FriendGet Alerts GPS Hot Sheet
Price: $42.34 --0%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 12
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 6 | Down: 13 | New: 12
Trade GPS Now!
Jefferies boosted estimate and its price target on Gap, Inc. (NYSE: GPS) from $50 to $51 following meetings with the CEO and CFO.
"We recently hosted meetings with GPS's CEO and CFO and come away even more confident in the company's improving strategic direction and believe this is a multi-year recovery story," the analyst said. "We look for continued sales growth leading to operating leverage, improved returns, higher earnings and a higher stock price."
The firm raised Q1 EPS from $0.56 to $0.57 and FY13 from $2.80 to $2.85.
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 $36.39 yesterday, with a 52 week range of $24.97-$37.85.
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
"We recently hosted meetings with GPS's CEO and CFO and come away even more confident in the company's improving strategic direction and believe this is a multi-year recovery story," the analyst said. "We look for continued sales growth leading to operating leverage, improved returns, higher earnings and a higher stock price."
The firm raised Q1 EPS from $0.56 to $0.57 and FY13 from $2.80 to $2.85.
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 $36.39 yesterday, with a 52 week range of $24.97-$37.85.
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
You May Also Be Interested In
- Morgan Stanley Maintains Bullish Stance on Walter Energy (WLT)
- Terex (TEX) Suffers from Weakness in Europe; Read-Through For Manitowoc (MTW)
- Goldman Sachs Downgrades Palo Alto Networks (PANW) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst PT ChangeRelated Entities
Jefferies & Co, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
