Gap (GPS) Jan. Comps Rose 1%

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Better Gap (GPS) Comps Support L-T Buy Thesis, Nomura Says; PT Raised

February 7, 2014 7:54 AM EST

Nomura Securities analyst Simeon Siegel bumped his price target on Gap, Inc. (NYSE: GPS) from $40 to $44 but maintained a Neutral rating following solid comps.

"We have been noting GPS's progressively cheaper valuation as of late and believe the better-than-expected comp and... More