Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on Gap Inc (NYSE:GPS) with an unchanged price target of $11. The new CEO Richard Dickson is expected to drive improved growth and profitability at Gap. However, the analyst remains cautious about the near-term performance in a challenging environment. Gap's Q2 results were mixed, with EPS ahead of expectations but sales and gross margin falling short. Gap's shares are currently trading lower by 2.68% at $10.90.