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Fly News Breaks for May 20, 2016
GPS
May 20, 2016 | 07:40 EDT
Baird analyst Mark Altschwager said Gap shares are inexpensive but lack a catalyst. The analyst noted the company's Q1 results were at the high end of the post-quarter guidance, but said execution has been mixed across its major store themes, which clouds visibility into any meaningful inflection. Altschwager maintains his Neutral rating and lowered his price target to $20 from $22 on Gap shares.
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