Goldman Sachs is out with its report today on Gap GPS, lowering its PT from $20 to $17.
In a note to clients, Goldman Sachs writes, "We further lower our margin estimates, taking our 2011/12/13 EPS to $1.44/1.45/1.53 from $1.71/$1.73/1.83. We also lower our 6-month target to $17 from $20 (still based on 12x PE and 5x EV/EBITDA)."
Goldman Sachs maintains Sell on GPS.
At the time of posting, shares of GPS were trading pre-market at $19.25, down 17.35% from Thursday's close.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsApparel RetailConsumer DiscretionaryGAPGoldman Sachs
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