Wedbush Raises Numbers on Gap, Inc. (GPS); Solid Back-To-School Start
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Price: $41.34 +0.73%
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Rating Summary:
15 Buy, 12 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 23 | New: 29
Trade GPS Now!
Wedbush maintains a 'Neutral' on Gap, Inc. (NYSE: GPS) price target of $33.00 (from $32.00).
Analyst, Betty Chan, said, "We believe GPS’s BTE August comp of +9% highlights strong consumer demand for the trend-right products offered at each of the core brands, driving improvements to overall traffic and full-priced selling."
Chan raises estimates, citing improvement in the company's core brand. Q3 EPS estimate raised from $0.50 to $0.51, FY12 from $2.06 to $2.10 and FY13 from $2.25 to $2.35.
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 $35.17 yesterday, with a 52 week range of $15.08-$36.23.
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Analyst, Betty Chan, said, "We believe GPS’s BTE August comp of +9% highlights strong consumer demand for the trend-right products offered at each of the core brands, driving improvements to overall traffic and full-priced selling."
Chan raises estimates, citing improvement in the company's core brand. Q3 EPS estimate raised from $0.50 to $0.51, FY12 from $2.06 to $2.10 and FY13 from $2.25 to $2.35.
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 $35.17 yesterday, with a 52 week range of $15.08-$36.23.
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