Janney Comments On Improving Gap Musiness Model

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Following an upbeat earning report, Janney Capital upgraded shares of Gap Inc.GPS to buy from neutral on Friday.

Adrienne Tennant stated five reasons for the upgrade:

  1. General sector strength, Janney analysts expect softlines sector inventory to reduce. This may imply improving turnover ratios, lower holding costs, faster production and responsiveness.
  2. Old Navy strength and momentum that is sufficient enough to offset weaker divisions
  3. Best in class management team
  4. Endless global growth opportunities
  5. improving margins

Gap shares are currently trading at 45.27

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Posted In: UpgradesAnalyst RatingsAdrienne TennetJanney
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