Jefferies Reiterates a 'Buy' on Gap, Inc. (GPS); On the Right Path for Continued Improvement

Jefferies reiterates a 'Buy' on Gap, Inc. (NYSE: GPS) price target of $25.00.

Jefferies analyst says, "GPS hosted its investor day today, where FY'12 guidance was reiterated and the company discussed its positioning and strategies for the future. We continue to believe progress at the company is underway and expect to see more meaningful improvement in FY'13." (Jefferies lowers FY12 EPS estimate by $0.01 to $1.46 and FY13 by $0.05 to $1.69)

For more ratings news on Gap, Inc. click here and for the rating history of Gap, Inc. click here.

Shares of Gap, Inc. closed at $17.92 yesterday.

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