Gap, Inc. (GPS) Tops Q1 EPS by 2c; Reaffirms Outlook
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Janney Capital Boosts PT on Gap (GPS) Post Q1
May 24, 2013 6:36 AM EDTJanney Capital's Adrienne Tennant adjusted estimates and raised its price target on Buy-rated Gap, Inc. (NYSE: GPS) from $44 to $47 following results after the close.
The analyst noted Q13 EPS includes an approximate $0.12 positive impact from the calendar shift created by the 53rd week in fiscal year 2012 (about $0.08) and a benefit from the favorable resolution of tax positions in the quarter (about $0.04). The company... More
