UBS raised the firm’s price target on Gap (GAP) to $16 from $14 and keeps a Sell rating on the shares. Despite unfavorable weather, Gap delivered a 14c EPS beat in Q3, a credit to its improved execution, the analyst tells investors in a research note. At the same time, the firm sees limited top-line growth or margin expansion potential past this year and continues to believe Gap operates in a highly competitive environment.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GAP:
- Gap price target raised to $30 from $29 at Morgan Stanley
- Gap price target raised to $28 from $25 at BofA
- Gap price target raised to $28 from $26 at JPMorgan
- Gap price target raised to $29 from $28 at Baird
- Gap price target raised to $32 from $31 at Barclays
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
