UBS analyst Jay Sole lowered the firm’s price target on Gap (GAP) to $23 from $27 and keeps a Neutral rating on the shares. The firm’s checks suggest Gap’s Q2 and Q3-to-date trends were solid, the analyst tells investors in a research note. Uncertainty around how Gap will update its FY25 gross margin guidance given the new U.S. tariffs and mixed sentiment keep the firm from getting bullish on the event.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GAP:
- Gap downgraded to Equal Weight from Overweight at Barclays
- Target names CEO successor, Guess to go private: Morning Buzz
- Nu double upgraded, Novavax downgraded: Wall Street’s top analyst calls
- Gap Inc. Hold Rating: Balancing Improved Sales with Tariff and Pricing Challenges
- Gap downgraded to Neutral from Buy at Citi