Goldman Sachs Resumes Gap, Inc. (GPS) at Buy, Sees 29% Upside

Goldman Sachs resumes coverage on Gap, Inc. (NYSE: GPS) with a Buy. PT $41.00.

"GPS is a mature retailer with under-appreciated cyclical tailwinds, most significantly on the cost side as cotton deflation fuels 10-15% upside to the consensus earnings outlook," the analyst comments. Goldman also said beyond the cotton story, the fashion cycle backdrop and recent positive brand momentum will support comps.

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 $30.89 yesterday.

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