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GPS

Gap

$24.65

-0.79 (-3.11%)

09:26
11/21/18
11/21
09:26
11/21/18
09:26

Gap price target lowered to $27 from $33 at Credit Suisse

Credit Suisse analyst Michael Binetti lowered his price target for Gap to $27 from $33 as he was disappointed by another quarter of decelerating Gap brand same-store sales. That said, he was encouraged by sequential product margin improvement at the Gap brand. The analyst reiterates a Neutral rating on the shares.

  • 03

    Mar

GPS Gap
$24.65

-0.79 (-3.11%)

10/25/18
GSCO
10/25/18
INITIATION
Target $28
GSCO
Neutral
Gap initiated with a Neutral at Goldman Sachs
Goldman Sachs analyst Alexandra Walvis initiated Gap with a Neutral rating and a price target of $28. The analyst is positive on the company's shift to "higher growth, higher margin value formats", the expansion of its omnichannel sales, and its "stronger consumer environment", but also sees a "key risk" to its "value based portfolio" coming from the "intensifying private label and online apparel competition".
10/26/18
10/26/18
INITIATION

On The Fly: Top analyst initiations
Catch up on today's top analyst initiations with this list compiled by The Fly: 1. L Brands (LB) initiated with a Buy at Goldman Sachs while Gap (GPS) was initiated with a Neutral. 2. Iridex (IRIX) initiated with a Buy at Stifel. 3. Xilinx (XLNX) assumed with a Market Perform at William Blair. 4. Novan (NOVN) initiated with a Buy at H.C. Wainwright. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
11/01/18
RBCM
11/01/18
NO CHANGE
Target $30
RBCM
Sector Perform
Gap price target lowered to $30 from $34 at RBC Capital
RBC Capital analyst Brian Tunick lowered his price target on The Gap to $30 and kept his Sector Perform rating, saying his promotional analysis suggests that the company's brand has suffered a "step back" in Q3. The analyst notes that the stock is already pricing in some of the investor skepticism about getting all 3 of its segment into positive comps while also lowering his FY18 EPS view by 5c to $2.55 and FY19 EPS by 25c to $2.55.
11/21/18
JEFF
11/21/18
NO CHANGE
Target $50
JEFF
Buy
Jefferies recommends Gap with 100% potential upside after Q3 results
Jefferies analyst Randal Konik says Gap's Q3 results showed that Old Navy "is a machine," Athleta is a "major" long-term growth vehicle, Banana is in "great cyclical shape," and the Gap brand's footprint issues are being "addressed aggressively." The analyst expects "significant closures" within the Gap brand fleet, which he believes should uncover the portfolio's "hidden jewels" of Old Navy and Athleta. He recommends buying shares of Gap with his sum-of-the-parts analysis yielding 100% upside. Konik keeps a Buy rating on Gap with a $50 price target.

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