Barclays raised the firm’s price target on Gap to $28 from $26 and keeps an Overweight rating on the shares. The analyst says Gap’s Q4 report is evidence of a “textbook retail recovery” as sales improved, inventory was cleaner, and merch margin expanded on better management of promotions.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GPS:
- GPS Earnings: Gap Stock Gains on Q4 Beat
- Gap Inc. Reports Fourth Quarter and Fiscal 2023 Results; Provides Fiscal 2024 Outlook
- Gap, Ambercycle announce efforts to advance textile-to-textile recycling
- Gap Inc (GPS) Q4 Earnings Cheat Sheet
- Options Volatility and Implied Earnings Moves This Week, March 04 – March 07, 2024