Khakis are making a comeback-and so is Gap (GAP) stock, Teresa Rivas writes in this week’s edition of Barron’s. Gap is becoming more profitable while paying down debt. The company’s potential was on display when the company reported fiscal-third-quarter results on Nov. 21. Earnings were better than expected; its outlook also topped analyst forecasts, and Gap notched its fourth consecutive quarter of sales increases as all of its brands gained market share, the author notes. The news was good enough for shares to rise 13%. Yet, despite the big jump, Gap shares are cheap, says the publication.
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