Wells Fargo Transferes Coverage on Gap, Inc. (GPS), Upgrades to Outperform

May 7, 2013 9:29 AM EDT
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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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Wells Fargo transfered coverage on Gap, Inc. (NYSE: GPS) and upgraded the stock from Market Perform to Outperform with a price target of $42-$44.

Analysts said, "We believe GPS has many ways to win. The U.S. business is improving, the company has underappreciated growth opportunities, and the new global structure is the right one to help the businesses thrive, in our opinion. With strong and consistent FCF as downside protection, we believe the stock has a favorable risk/reward."

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 $38.45 yesterday.

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