Fly News Breaks for March 6, 2015
GPS
Mar 6, 2015 | 07:19 EDT
UBS noted Gap's February comps fell short of estimates, but the firm believes the Easter shift of two weeks will benefit the March quarter. The firm sees Gap operational margins benefiting over time through a shift to higher-margin businesses and gains from its Omni-channel/fabric platform. UBS reiterated its Buy rating and $48 price target on Gap shares.
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