All The Analyst Action On Gap Following Q2 Earnings

On Thursday, Gap Inc (NYSE: GPS) released its earnings results for the second quarter, which exceeded Street analysts' estimates. However, the company preferred to provide a soft outlook for the full year.

Following this, a number of analysts and brokerages have come out with their rating and price target on the company's shares. Their ratings and price targets have been given below.

From The Street

• Wedbush maintains its Neutral rating and increased the price objective from $20 to $25 on the company's shares. The brokerage sees volatile traffic trends hurting the forecast.
• Nomura maintains its Neutral rating and the price objective of $24.
• Deutsche Bank maintains its Sell rating and $18 price target.
• Jefferies reiterated its Buy rating and lifted its price tag from $26 to $30. The brokerage sees top-line and margin enhancement.
• Oppenheimer rates Gap at Perform and kept the 12–18 month price tag of $20. The brokerage lifted EPS estimates for the year 2016 and 2017 to $1.94 and $2.05, respectively.
• Baird boosted its price objective from $24 to $27 and maintains a Neutral rating.
• Citi increased its price tag from $24.00 to $27.00. The brokerage has a Neutral rating on the company's shares.

On Friday, the stock closed regular trading up 3.9 percent at $26.89.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!