Topeka Capital Initiates Coverage of The Gap with a “Buy” Rating (GPS)
Topeka Capital reported on Thursday that it has begun coverage of apparel company, The Gap Inc. (GPS).
The firm has initiated coverage of GPS with a “Buy” rating and $44 price target. This price target suggests a 14% upside from the stock’s current price of $37.72.
An analyst from the firm commented, “we see as a return to more consistent sales growth across brands with ample room for operating margin improvement. In addition, we believe the upcoming analyst day on April 17, Gap’s first in two years, should provide a boost to GPS shares.”
The Gap shares were up 52 cents, or 1.40% during Thursday morning trading. The stock has increased 48% in the past year.
The Bottom Line
Shares of The Gap Inc. (GPS) have a 1.59% yield, based on Thursday morning’s price of $37.77.
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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