Jefferies Maintains Buy Rating and $25 PT on The Gap

A report from Jefferies & Company reiterates its Buy rating and $25 price target on The Gap (NYSE: GPS).

In the report, Jefferies writes, “GPS hosted its investor day today, where FY'12 guidance was reiterated and the company discussed its positioning and strategies for the future. We continue to believe progress at the company is underway and expect to see more meaningful improvement in FY'13. Reiterate Buy rating and $25 PT."

GPS closed yesterday at $17.92.