Gap (GAP) PT Raised to $25 at BMO Capital

BMO Capital analyst Simeon Siegel raised the price target on Gap (NYSE: GAP) to $25.00 (from $23.00) while maintaining a Market Perform rating.

The analyst commented, "GAP reported a strong EPS beat, with sales slightly ahead (only Old Navy didn't beat Street, driven by weather) and stronger GM (stronger merch margin and ROD leverage). Management noted share gains across all banners and raised its outlook for FY Sales/GM/EBIT growth. While we are encouraged by share gains and the merch margin expansion, we believe shares reflect the green shoots. Target price to $25 (~12x FY25 EPS)."

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