- The shares of Gap Inc (NYSE: GPS) have received a price target increase from $38 to $42 by Deutsche Bank. These are the details.
The shares of Gap Inc (NYSE: GPS) have received a price target increase from $38 to $42 by Deutsche Bank. And Deutsche Bank analyst Gabriella Carbone upgraded Gap shares to a “Buy” rating from a “Hold” rating.
Carbone had cited the volatile trends behind Gap. In a research note, Carbone wrote that there seems to be a path to consistent EBIT margin gains driven by a reduction in fixed costs coupled with a shift to the “higher-margin and growth businesses” of Old Navy and Athleta, and improved profitability at the Gap brand.
Plus Carbone noted that Gap is a much different company presently than it was pre-pandemic due to the removal of the trap costs within the business.
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