Jefferies Maintains Gap (GPS) as Top Pick Saying March Comp 'Good Enough'
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Price: $20.76 +0.05%
Rating Summary:
11 Buy, 24 Hold, 5 Sell
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Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
Rating Summary:
11 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 15 | Down: 10 | New: 13
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Jefferies reiterated its Buy rating and $56 price target on Gap, Inc. (NYSE: GPS) following yesterday's March comp numbers which was reported as -1%, versus consensus of -2%.
"We think the -1% comp is good enough considering the tough compare and headwinds from the Easter shift/cooler weather," the analyst said. "Further, we expect momentum to accelerate in April which benefits from several tailwinds. Bottom line, GPS remains one of our top picks..."
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 $37.90 yesterday.
"We think the -1% comp is good enough considering the tough compare and headwinds from the Easter shift/cooler weather," the analyst said. "Further, we expect momentum to accelerate in April which benefits from several tailwinds. Bottom line, GPS remains one of our top picks..."
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 $37.90 yesterday.
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