- Analysts reduced the price target on Gap Inc (NYSE: NYSE:GPS). The move comes after the company lowered its Q1 guidance and Old Navy President and CEO Nancy Green's exit in the coming week.
- Morgan Stanley (NYSE:MS) analyst Kimberly Greenberger lowered the price target to $13 from $14 (12% upside) and kept an Equal Weight rating on the shares.
- Deutsche Bank (ETR:DBKGn) analyst Gabriella Carbone lowered the price target on Gap to $17 from $26 (47% upside) and kept a Buy rating on the shares.
- BMO Capital analyst Simeon Siegel reduced the price target to $13 from $16 and maintained the Market Perform rating on the shares.
- Baird analyst Mark Altschwager lowered the price target on Gap to $14 from $18 and kept a Neutral rating on the shares.
- The analyst noted Nancy Green's departure adds to an already difficult 2022 scenario with supply chain and operational issues.
- Credit Suisse (SIX:CSGN) analyst Michael Binetti maintained Gap with a Neutral and decreased the price target to $13 from $16.
- Telsey Advisory Group analyst Dana Telsey maintained Gap with a Market Perform and lowered the price target to $15 from $18 (30% upside).
- Price Action: GPS shares are trading lower by 21.17% at $11.27 on the last check Friday.
Mar 2022 | BMO Capital | Maintains | Market Perform | |
Mar 2022 | Credit Suisse | Maintains | Neutral | |
Mar 2022 | JP Morgan | Maintains | Neutral |
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