Barclays Initiates Coverage of The Gap; “Overweight” Rating (GPS)
Barclays reported on Tuesday that it has initiated coverage of apparel company, The Gap Inc. (GPS).
The firm has begun coverage of GPS with an “Overweight” rating and $45 price target. This price target suggests a 21% increase from the stock’s current price of $35.59.
The Gap shares were up 26 cents, or 0.74% during Tuesday morning trading. The stock has increased 34% in the past year.
The Bottom Line
Shares of The Gap Inc. (GPS) have a 1.70% yield, based on Tuesday morning’s price of $35.25.
The Gap Inc. (GPS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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