Gap 13D/ Amended Filing Shows John J. Fisher Distributes 6.8M Shares; Beneficial Ownership Falls To 13%
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Wells Fargo Maintains Equal-Weight on Gap, Raises Price Target to $23
Wells Fargo analyst Ike Boruchow maintains Gap (NYSE:GAP) with a Equal-Weight and raises the price target from $22 to $23.
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Goldman Sachs Maintains Buy on Gap, Raises Price Target to $27
Gap's Shares Gain 15% on Q2 Earnings Beat & Revised View
Gap Inc. reported Q2 adjusted EPS of $0.52, beating consensus estimates despite a 2% revenue decline. The Gap brand showed strong 10% comparable sales growth, while Old Navy declined 4% and Athleta fell 12%. Gross margins improved 20 basis points, and the company raised full-year adjusted EPS guidance to $2.35-$2.45, supported by margin expansion and share repurchases.