Information Provided By:
Fly News Breaks for October 21, 2015
GPS
Oct 21, 2015 | 17:52 EDT
Wells Fargo resumed coverage on Gap with a Market Perform rating and a $28-$30 valuation range.
News For GPS From the Last 2 Days
GPS
Mar 26, 2024 | 06:16 EDT
Wells Fargo analyst Ike Boruchow raised the firm's price target on Gap to $32 from $25 and keeps an Overweight rating on the shares. The firm remains bullish on Gap after hosting CEO Richard Dickson and CFO Katrina O'Connell for investor meetings. Wells believes the turnaround is working, Old Navy and Gap confidence are growing, and the margin story should continue to play out.