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Baird raised the firm’s price target on Gap (GAP) to $29 from $28 and keeps a Neutral rating on the shares. The firm said they delivered another solid quarter. Gap delivered EPS about 24% ahead of consensus with in-line sales, gross margin upside, and lower SG&A as brand reinvigoration and organizational efficiency efforts continued to progress.

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Read More on GAP:

• Gap price target raised to $32 from $31 at Barclays

• Gap Inc. Reports Solid Q3 Growth, Raises Outlook

• Closing Bell Movers: Gap jumps 15% after Q3 earnings beat, guidance raise

• GAP Earnings: Gap Stock Rises 13% on Strong Financial Results and Raised Guidance

• Gap reports Q3 online sales up 7% y/y; represented 40% of total net sales