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Jefferies Said they Like the Changes at Gap (GPS)

January 20, 2012 7:20 AM EST
Get Alerts GPS Hot Sheet
Price: $24.55 --0%

Rating Summary:
    14 Buy, 23 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Jefferies reiterated their Buy rating and $25 price target on Gap, Inc. (NYSE: GPS) following the Tracy Gardner news and resignation of Tom Wyatt, President of Old Navy.

The firm comments, "Following news earlier today that Gap brand hired Tracy Gardner in an advisory role, the company announced the resignation of Tom Wyatt, President of Old Navy. We view this latest change as another positive that should help bring fresh perspective to the company."

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 $19.37 yesterday.


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