Standpoint Research Downgrades Gap, Inc. (GPS) to Hold
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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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Standpoint Research downgraded Gap, Inc. (NYSE: GPS) from Buy to Hold.
Analyst, Ronnie Moas, said, "Four the fourth time in less than fourteen months we are closing our recommendation in The Gap GPS...This is a stock we like buying in the teens and exiting in the low $20s when it hits fair value of ~ 12X. For the record we buy on bad news and sell on good news … it has worked all four times for us … as it has with Crocs (Nasdaq: CROX) (open) where we are working on an unprecedented 5-for-5."
"GPS is a name struggling to grow revenues and gains versus the S&P of 1000-1500 bps are all we can expect out of this name."
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 $21.71 yesterday.
Analyst, Ronnie Moas, said, "Four the fourth time in less than fourteen months we are closing our recommendation in The Gap GPS...This is a stock we like buying in the teens and exiting in the low $20s when it hits fair value of ~ 12X. For the record we buy on bad news and sell on good news … it has worked all four times for us … as it has with Crocs (Nasdaq: CROX) (open) where we are working on an unprecedented 5-for-5."
"GPS is a name struggling to grow revenues and gains versus the S&P of 1000-1500 bps are all we can expect out of this name."
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 $21.71 yesterday.
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