GAP: Jefferies is 'confident' - maintains buy rating
(CercleFinance.com) - On Friday an analyst at Jefferies confirms his "buy" recommendation on the Gap share, after an investor meeting devoted to its growth plans.
"Mgmt... plans to double store count to 2,000, led by growth in smaller, underserved markets," the analyst says, adding "we remain confident in mgmt's ability”.
The broker hence confirms its target price of 37 dollars.
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