Janney Montgomery Scott Upgrades Gap, Inc. (GPS) to Buy; Greater Visibility and Confidence in Product
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Price: $24.55 --0%
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 12 | New: 19
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 5 | Down: 12 | New: 19
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Janney Montgomery Scott upgraded Gap, Inc. (NYSE: GPS) from Neutral to Buy, price target raised from $29 to $33.
JMS analyst said, "We are upgrading shares of GPS to BUY from Neutral based on: 1) evidence of product improvement with trend-right color and fashion items, 2) the opportunity for improved inventory management in FY12, and 3) margin improvement in 2H12 with AUC reversal opportunity. Through our checks, we continue to note positive customer reception to Gap's spring flows, which are much improved and include bright colors and trend-right fashion. At Old Navy, product improvement is also evident at compelling price points with a depth of colors and floral patterns, while Banana Republic has also driven increased traffic with the re-launch of the Mad Men Collection."
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 $26.10 yesterday.
JMS analyst said, "We are upgrading shares of GPS to BUY from Neutral based on: 1) evidence of product improvement with trend-right color and fashion items, 2) the opportunity for improved inventory management in FY12, and 3) margin improvement in 2H12 with AUC reversal opportunity. Through our checks, we continue to note positive customer reception to Gap's spring flows, which are much improved and include bright colors and trend-right fashion. At Old Navy, product improvement is also evident at compelling price points with a depth of colors and floral patterns, while Banana Republic has also driven increased traffic with the re-launch of the Mad Men Collection."
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 $26.10 yesterday.
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