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Actionable news in GPS: THE GAP Inc,

Here's Why Gap (GPS) Stock Closed Today's Trading Session Up

NEW YORK (TheStreet) -- The Gap (GPS - Get Report) shares closed Monday's trading session up 4.25% to $25.51 after Jefferies reiterated its "buy" rating and a $42 price target, citing several catalysts.

"Gap maintains an extremely strong balance sheet and has been aggressively returning cash to shareholders," analysts said. "We expect continued buybacks in the coming quarters."

The firm applauded Gap's strengthened focus on speed-to-market within sourcing strategy. Adding to this upside, the apparel maker has been expanding internationally.

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However, inconsistency of its international business could be a downside, analysts pointed out.

Separately, The Dow Jones industrial average closed about 275 points lower today after falling more than 450 points this morning, down over 2.5%, briefly on track for its largest percent decline on the first trading day of the year since 1932, CNBC.com...


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