Telsey Advisory Group Reiterates Market Perform on Gap, Maintains $11 Price Target
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Dana Telsey has reiterated a 'Market Perform' rating on Gap Inc. (NYSE:GPS) and maintained the price target of $11. This indicates that the analyst believes Gap's stock performance will align with the market and does not expect significant price movement from the current level.
November 13, 2023 | 10:24 am
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Gap Inc. (GPS) maintains a 'Market Perform' rating from Telsey Advisory Group with an unchanged price target of $11, suggesting that the stock is expected to perform in line with the market.
The reiteration of the 'Market Perform' rating and the maintenance of the price target at $11 by Telsey Advisory Group suggests that the analyst's view on Gap has not changed. This typically has a neutral impact on the stock price in the short term, as it does not provide new positive or negative information that would significantly alter investor expectations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100