Barclays Upgrades Gap to Overweight, Raises Price Target to $13
Portfolio Pulse from richadhand@benzinga.com
Barclays analyst Adrienne Yih has upgraded Gap (NYSE:GPS) from Equal-Weight to Overweight and raised the price target from $9 to $13.
August 01, 2023 | 8:48 am
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POSITIVE IMPACT
Gap's stock has been upgraded to Overweight by Barclays, with a raised price target of $13.
The upgrade from Barclays, a major financial institution, is a positive signal for Gap. The raised price target indicates an expectation of stock price increase, which could attract investors and drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100