Gap Inc. (GPS) stock has been performing well. George Tsilis joins Alex Coffey and Jenny Horne to discuss GPS. He talks about how a Barclays Analyst note stated it lowered the price target lowered to $13 from $14 and keeps its equal rating on GPS. The analyst sees ongoing risk to the first half of 2023 estimates for the specialty retailers. George then goes over how GPS has Old Navy and Athleta which are very valuable brands. He then notes that GPS is facing rising inventory challenges, but the stock is performing better. Tune in to find out more about the stock market today.
13 Jan 2023