Analysts: Buy Gap After Sales Increase and 3 More Research Notes to Read Through
Gap Inc. (NYSE:GPS): Argus has increased its target on Gap to $54 from $49 after the company reported that its same-store sales rose a higher-than-expected 7 percent in June. The firm keeps a Buy rating on the stock.
AT&T (NYSE:T): Argus believes that the nation’s second largest carrier’s acquisition of Leap Wireless (NASDAQ:LEAP) will be a “tough sell for regulators” and views the deal as expensive. However, the firm keeps a Buy rating on AT&T.
Sherwin-Williams (NYSE:SHW): Cleveland Research’s checks indicate upside in 2013 as paint volumes are improving and costs are a bit more favorable, supporting sales and margin upside for Sherwin-Williams during the year.
Goldman Sachs (NYSE:GS): CLSA’s Mike Mayo has downgraded Goldman Sachs to Outperform from Buy and has raised his Goldman estimates and price target following Goldman’s better-than-expected report. The downgrade is attributed to valuation, and the price target has been raised to $185 from $176.