Jefferies Reiterates a 'Buy' on Gap, Inc. (GPS); The Ship Is Turning! Our Sleeper Stock of 2012

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

Jefferies analyst says, "We believe Gap is setting up to be one of the best stocks in specialty retail in 2012. We think progress is under way and expect the company to benefit from improving merchandise at Gap brand along with a moderation in sourcing costs. Further, GPS faces some of the easiest topline and margin compares in the group and has a solid balance sheet and strong cash flow profile."

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 $18.83 yesterday.

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