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Fly News Breaks for January 6, 2017
GPS
Jan 6, 2017 | 08:58 EDT
Baird analyst Mark Altschwager noted Gap reported better than expected comps buoyed by Old Navy and the company signaled modest upside to guidance. The analyst raised his estimates but said visibility into sustainable sales/margin improvement remains cloudy, yielding a balanced risk/reward at current levels. Altschwager maintained his Neutral rating and $26 price target on Gap shares.
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