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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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"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.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.