Jefferies Reiterates Buy on Gap, Inc. (GPS) Following Holiday Results

Jefferies reiterated a Buy rating and $36.00 price target on Gap, Inc. (NYSE: GPS) following the company's Holiday results.

Analyst Randal Konik commented, "Holiday SSS of +2% came in ahead of consensus for 4Q, with a particularly strong +4% comp in December. Gap's +1% marked the first positive comp since April '14, and Old Navy's +12% was significantly above expectations, while BR remains a work in progress. We are incrementally more positive as top-line momentum is becoming more broad-based. Reiterate Buy and $36 PT."

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 $23.25 yesterday.

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