Although Gap Inc (NYSE:GAP) reported its fourth-quarter results slightly below expectations, management indicated that Phase 2 of the company’s long-term transformation would begin in 2026, according to JPMorgan.
The Gap Analyst: Analyst Matthew Boss reiterated an Overweight rating, while reducing the price target from $36 to $33.
The Gap Thesis: The company reported earnings of 45 cents per share on 2.1% revenue growth, missing consensus estimates of 46 cents per share …