Apparel retailer The Gap Inc. (GPS) on Friday caught some bullish commentary from analysts at Lazard Capital Markets.
The firm maintained its “Buy” rating on GPS and lifted its price target to $38, suggesting a nearly 15% upside to the stock’s Thursday closing price of $33.17.
Lazard also boosted its earnings estimates for the company through 2013, citing higher margins.
The Gap shares were mostly flat in premarket trading Friday.
The Bottom Line
Shares of The Gap (GPS) have a 1.51% dividend yield, based on last night’s closing stock price of $33.17. The stock has technical support in the $28-$29 price area. If the shares can firm up, we see overhead resistance around the $35-$36 price levels.
The Gap Inc. (GPS) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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