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Fly News Breaks for June 3, 2016
GPS
Jun 3, 2016 | 07:51 EDT
Jefferies analyst Randal Konik says GPS reported better than expected May results, led by the Gap brand. The analyst believes in the long-term model for Old Navy and thinks the Gap brand "can get its act together," but he has less faith in the turnaround at Banana Republic. With expectations low, better weather and valuation at "trough levels," Konik finds Gap shares attractive at current levels. He keeps a Buy rating on the shares with a $26 price target.
News For GPS From the Last 2 Days
