Gap, Inc. (GPS) PT Raised to $28 at Cowen
Get Alerts GPS Hot Sheet
Price: $20.76 -1.28%
Rating Summary:
11 Buy, 24 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
Rating Summary:
11 Buy, 24 Hold, 5 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 17
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Cowen analyst Oliver Chen raised the price target on Gap, Inc. (NYSE: GPS) to $28.00 (from $24.00) while maintaining a Market Perform rating.
The analyst commented, "Gap division is now a smaller part of the business (30% of FY20) as Old Navy & Athleta grow and comprise the majority. Re-purposed inventory plans, marketing investment, execution on value, and loyalty program innovation as well as balance sheet are key positives as we look for continued consistency in performance."
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