Goldman Sachs (NYSE:GS) issued a number of updates to its ratings and estimates in its retail sector coverage today, among them raising its target numbers on American Eagle Outfitters (NYSE:AEO) and Gap (NYSE:GPS) following their third quarter earnings reports. Goldman says American Eagle could reach $17 per share, as there is significant opportunity in sales and margins relative to the company’s historical results. Goldman has a neutral rating on American Eagle. Goldman also continued its neutral rating on Gap, but hiked its price target to $19 per share, having also increased its earnings estimates on the retailer.
Gap is a 3.31% holding of the Retail HOLDRS (AMEX:RTH) fund, which is trading slightly higher today. Wal-Mart (NYSE:WMT) is the top stock in the fund, at 19.26% of the total.
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