Wedbush Reiterates Neutral, $20 Target on Gap

Wedbush reiterates its Neutral rating and $20 target price on Gap GPS as it expects inline February comps. Wedbush says, "For February, we look for consolidated comps of (0-2)% vs. (3)% LY, generally inline with consensus of (1.1)%. By division, we look for Gap comps of 0- (2)%, BR +4-6%, Old Navy (1-3)%, and Int'l (2-4)%." GPS closed at $22.57 a share on Friday.