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Fly News Breaks for September 12, 2017
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Sep 12, 2017 | 05:22 EDT
Jefferies analyst Randal Konik raised his price target for Gap to $39 from $35 adds the shares to his firm's Franchise Pick list. The analyst notes his sum-of-the-parts analysis implies 50%-plus upside to the current share price. Investment changes will drive improved stability and stronger free cash flow, which should lead to upward earnings and multiple expansion, Konik tells investors in a research note. He keeps a Buy rating on Gap shares.
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