MAT - Gap's New CEO And The Road To Recovery: Why This Analyst Is Cautiously Optimistic About The Brand's Future | Benzinga
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating on the shares of Gap Inc (NYSE: GPS) with an unchanged price target of $11.
The analyst believes the new CEO Richard Dickson has experience with brand management and operations, making him a candidate that could drive improved growth and profitability at Gap.
The analyst noted CEO highlighted the need to improve consistency across the organization, in terms of fashion, fit, marketing and merchandising to more reliably meet the needs and expectations of its customers.
CEO Dickson called ON (Old Navy) the crown jewel of the portfolio with the biggest opportunity for growth.
The brand's recent inconsistency, he noted, was due to external factors such as COVID and supply chain disruptions, as well ...