GAP: Jefferies raises target price
(CercleFinance.com) - Jefferies today announces that it is raising its target price for the Gap share from 45 dollars to 50 dollars.
"We continue to believe the market is underappreciating pieces of the GPS portfolio so we refreshed our SOTP analysis, which implies ~50% share price upside," Jefferies says.
The broker therefore says that it is maintaining its "buy" rating on the share, seduced by the growth potential of some its brands (e.g. Old Navy or Athleta).
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We continue to believe the market is underappreciating pieces of the GPS portfolio so we refreshed our SOTP analysis, which implies ~50% share price upside," Jefferies says.
The broker therefore says that it is maintaining its "buy" rating on the share, seduced by the growth potential of some its brands (e.g. Old Navy or Athleta).
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.