Nomura Securities Maintains a 'Neutral' on Gap, Inc. (GPS); Q2 Review: Gaining Momentum
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Price: $41.36 +0.78%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade GPS Now!
Nomura Securities maintains a 'Neutral' on Gap, Inc. (NYSE: GPS) price target of $25.00.
Analyst, Paul Lejuez, said, "Gap Brand is gaining momentum, helping to drive strong results in the qtr. Mgmt raised annual guidance to $1.95-$2.00 (vs previous $1.78-$1.83). Improved product is resonating at Gap Brand and Old Navy, which could provide potential upside to consensus forecasts (we are at $2.25 vs cons of $2.09), although a higher expense outlook may limit some of the upside. We believe the risk/reward skews favorably, although the macro environment and the historical inconsistency of Gap Brand and Old Navy keep us on the sidelines."
Our F12E EPS of $2.25 and F13E EPS of $2.45 remain unchanged.
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 $34.34 yesterday, with a 52 week range of $15.08-$34.92.
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Analyst, Paul Lejuez, said, "Gap Brand is gaining momentum, helping to drive strong results in the qtr. Mgmt raised annual guidance to $1.95-$2.00 (vs previous $1.78-$1.83). Improved product is resonating at Gap Brand and Old Navy, which could provide potential upside to consensus forecasts (we are at $2.25 vs cons of $2.09), although a higher expense outlook may limit some of the upside. We believe the risk/reward skews favorably, although the macro environment and the historical inconsistency of Gap Brand and Old Navy keep us on the sidelines."
Our F12E EPS of $2.25 and F13E EPS of $2.45 remain unchanged.
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 $34.34 yesterday, with a 52 week range of $15.08-$34.92.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
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