B of A Securities Maintains Underperform on Gap, Raises Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains an Underperform rating on Gap (NYSE:GPS) and raises the price target from $8.5 to $9.
August 25, 2023 | 3:15 pm
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Gap's price target has been raised from $8.5 to $9 by B of A Securities, though the Underperform rating is maintained.
The news directly pertains to Gap (GPS) as B of A Securities has raised its price target for the company. However, the Underperform rating is maintained, indicating that the analyst does not expect the stock to outperform the market in the near term. This could have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100