Wedbush Raises Numbers on Gap, Inc. (GPS); Solid Back-To-School Start
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Price: $24.55 --0%
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 19 | New: 35
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 19 | New: 35
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Wedbush maintains a 'Neutral' on Gap, Inc. (NYSE: GPS) price target of $33.00 (from $32.00).
Analyst, Betty Chan, said, "We believe GPS’s BTE August comp of +9% highlights strong consumer demand for the trend-right products offered at each of the core brands, driving improvements to overall traffic and full-priced selling."
Chan raises estimates, citing improvement in the company's core brand. Q3 EPS estimate raised from $0.50 to $0.51, FY12 from $2.06 to $2.10 and FY13 from $2.25 to $2.35.
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 $35.17 yesterday.
Analyst, Betty Chan, said, "We believe GPS’s BTE August comp of +9% highlights strong consumer demand for the trend-right products offered at each of the core brands, driving improvements to overall traffic and full-priced selling."
Chan raises estimates, citing improvement in the company's core brand. Q3 EPS estimate raised from $0.50 to $0.51, FY12 from $2.06 to $2.10 and FY13 from $2.25 to $2.35.
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 $35.17 yesterday.
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