Skip to main content

Market Overview

Topeka Capital Markets Sees Strong December Sales for The Gap

Share:

In a report published Friday, Topeka Capital Markets analyst Dorothy S. Lakner reiterated a Buy rating and $50.00 price target on Gap Inc (NYSE: GPS).

In the report, Topeka Capital Markets noted, “GPS' comps for December were in line with our +1% estimate, led by a stronger than expected Old Navy comp offset by a worse, though not surprising, Gap comp. While GPS remains a story of the two brands--one strongly outperforming, the other underperforming with Banana in between, we believe 2015 should be a better year for the company, with its new CEO already working to re-energize Gap and Banana under two new brand presidents. Momentum at Old Navy and potential for upside in Gap and Banana keep GPS a Buy into 2015.”

The Gap closed on Thursday at $43.10.

Latest Ratings for GPS

DateFirmActionFromTo
Feb 2021Morgan StanleyMaintainsEqual-Weight
Nov 2020Credit SuisseMaintainsUnderperform
Nov 2020B of A SecuritiesMaintainsNeutral

View More Analyst Ratings for GPS
View the Latest Analyst Ratings

 

Related Articles (GPS)

View Comments and Join the Discussion!

Posted-In: Dorothy S. Lakner Topeka Capital MarketsAnalyst Color Reiteration Analyst Ratings

Latest Ratings

StockFirmActionPT
CDXSStifelInitiates Coverage On30.0
TIXTCredit SuisseInitiates Coverage On33.0
RPTXBerenbergInitiates Coverage On51.0
ATCRBC CapitalInitiates Coverage On23.0
KODBarclaysDowngrades90.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com