Wedbush Maintains Neutral Rating on Gap
According to Wedbush, Gap (NYSE: GPS) Neutral rating is maintained.
Wedbush said that GPS hosted an Analyst Day for the investment community. “While the company's ability to protect EPS via buybacks and SG&A control is impressive, we are maintaining our NEUTRAL rating as we note heavy margin pressure and believe shares will not garner multiple expansions until GPS delivers consistent product improvement and comp store sales growth.”
Gap closed yesterday at $17.92.
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