Analysts Offer Insights on Services Companies: Gap (NYSE: GPS), Air Lease (NYSE: AL) and Williams-Sonoma (NYSE: WSM)

By Austin Angelo

Companies in the Services sector have received a lot of coverage today as analysts weigh in on Gap (NYSE: GPS), Air Lease (NYSE: AL) and Williams-Sonoma (NYSE: WSM).

Gap (NYSE: GPS)

In a report released yesterday, Lorraine Hutchinson from Merrill Lynch reiterated a Sell rating on Gap (NYSE: GPS), with a price target of $20. The company’s shares opened today at $28.25.

According to TipRanks.com, Hutchinson is a 3-star analyst with an average return of 1.8% and a 57.1% success rate. Hutchinson covers the Services sector, focusing on stocks such as Signet Jewelers Limited, Abercrombie Fitch, and Burlington Stores.

Currently, the analyst consensus on Gap is Hold and the average price target is $26, representing a -8.0% downside.

In a report released today, Citigroup also downgraded the stock to Sell with a $25 price target.
Air Lease (NYSE: AL)

Merrill Lynch analyst Kristine T. Liwag reiterated a Buy rating on Air Lease (NYSE: AL) yesterday and set a price target of $39. The company’s shares opened today at $34.81, close to its 52-week high of $35.28.

According to TipRanks.com, Liwag is a 1-star analyst with an average return of -4.1% and a 50.0% success rate. Liwag covers the Industrial Goods sector, focusing on stocks such as RBC Bearings Inc., Curtiss-Wright, and Boeing.

Currently, the analyst consensus on Air Lease is Strong Buy and the average price target is $40.33, representing a 15.9% upside.

In a report issued on November 3, Credit Suisse also reiterated a Buy rating on the stock with a $43 price target.
Williams-Sonoma (NYSE: WSM)

In a report released yesterday, Seth Sigman from Credit Suisse reiterated a Hold rating on Williams-Sonoma (NYSE: WSM), with a price target of $50. The company’s shares opened today at $50.81.

According to TipRanks.com, Sigman is a 2-star analyst with an average return of 0.1% and a 47.9% success rate. Sigman covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Dick’s Sporting Goods, and Container Store Group.

Currently, the analyst consensus on Williams-Sonoma is Moderate Buy and the average price target is $60, representing a 18.1% upside.

In a report issued on November 14, Robert W. Baird also downgraded the stock to Hold with a $52 price target.