Gap (GPS) March Comps Down 1%, Versus Expected 2% Decrease
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Jefferies Maintains Gap (GPS) as Top Pick Saying March Comp 'Good Enough'
April 12, 2013 6:57 AM EDTJefferies reiterated its Buy rating and $56 price target on Gap, Inc. (NYSE: GPS) following yesterday's March comp numbers which was reported as -1%, versus consensus of -2%.
"We think the -1% comp is good enough considering the tough compare and headwinds from the... More
