Gap, Inc. (GPS) PT Raised to $34 at Barclays
Tweet
Share
E-mail
Get Alerts GPS Hot Sheet
Price: $24.55 --0%
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 30
Rating Summary:
14 Buy, 23 Hold, 3 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 30
Join SI Premium – FREE
Barclays raised its price target on Gap, Inc. (NYSE: GPS) to $34.00 (from $32.00) while maintaining a Overweight rating.
Analyst Chethan Mallela raises the PT noting NT momentum (simultaneous comp sales growth and GM expansion) along with multi-year margin runway justifies a premium multiple. The analyst raises EPS estimates and the $34/share valuation is based on 15x P/E multiple on CY 2018 EPS estimate of $2.26.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Xometry Inc (XMTR) PT Raised to $120 at Rosenblatt
- Stryker (SYK) PT Lowered to $298 at TD Cowen
- RBC Capital Starts Everest Group (EG) at Outperform
Create E-mail Alert Related Categories
Analyst Comments, Analyst PT ChangeRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
