Jefferies Reiterates a 'Buy' on Gap, Inc. (GPS); Adding More Strong Talent

Jefferies reiterates a 'Buy' on Gap, Inc. (NYSE: GPS) price target of $45.00.

Analyst, Randal J. Konik, said, "GPS is hiring former J.C. Penney (NYSE: JCP) president, Michael Francis, as Marketing Creative Advisor starting next week. We view this as yet another hire that strengthens the overall management team. We believe GPS's increased focus on product and marketing is resonating with the consumer and expect more investment on the marketing side will have positive results."

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 $35.13 yesterday.

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