Gap Inc
GAP: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| &@R | LOCK|#X | LOCK|cg?%vs |
Gap Earnings: Solid Margin Improvement With Hints of Sales Momentum; Shares Fairly Valued
No-moat Gap’s third-quarter profitability surpassed our expectations on a strong gross margin and cost control. Shares rose 16% in Nov. 21 postmarket trading and now trade close to our $26.50 fair value estimate, which we expect to lift by a low-single-digit percentage.
