Citigroup Upgrades Gap to Neutral, Lowers Price Target to $8
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Lejuez has upgraded Gap (NYSE:GPS) from Sell to Neutral and lowered the price target from $10 to $8.
May 19, 2023 | 10:54 am
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Gap's rating has been upgraded from Sell to Neutral by Citigroup, with a lowered price target of $8.
Citigroup's upgrade from Sell to Neutral indicates a more positive outlook on Gap's stock. However, the lowered price target from $10 to $8 suggests that the analyst still sees limited upside potential. This mixed signal is likely to result in a neutral short-term impact on Gap's stock price.
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IMPORTANCE 80
RELEVANCE 100