TD Cowen Reiterates Buy Rating on Gap (GAP)

TD Cowen analyst Jonna Kim reiterated a Buy rating and $30.00 price target on Gap (NYSE: GAP).

The analyst commented, "GAP delivered better-than-expected results despite a -1% headwind from hurricane related store closures and warmer-than-usual weather affecting Kids & Baby at ON. We are encouraged by continued brand momentum at Gap, an inflection at Athleta, and prudent inventory management. GAP raised FY24 sales guide implying slightly better 4Q24 vs. Street. We remain at Buy and maintain PT at $30."

For an analyst ratings summary and ratings history on Gap click here. For more ratings news on Gap click here.

Shares of Gap closed at $22.04 yesterday.

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