Standpoint Research Upgrades Gap, Inc. (GPS) to Hold

December 27, 2012 10:37 AM EST
Get Alerts GPS Hot Sheet
Price: $23.81 -1.61%

Rating Summary:
    8 Buy, 25 Hold, 11 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 22 | Down: 17 | New: 13
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Standpoint Research upgraded Gap, Inc. (NYSE: GPS) from Sell to Hold.

Analyt Ronnie Moas comments, "The GAP is a name we went in-and-out of four times 2010-2012. After my latest exit in February the stock shot up by 75% in a move that had me scratching my head...When it hit $35.79 on August 20 I downgraded from Hold to Sell. The shares have since dropped 15.4% in a market that is even and are now off 20% from the October high... I would cover short positions at this time but would not go long. We would reinstate this recommendation if the stock takes another leg down to $24-$26. I think there is a 50/50 chance we get that in 2013."

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 $30.40 yesterday.

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