Wells Fargo Upgrades Gap to Overweight, Raises Price Target to $16
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has upgraded Gap (NYSE:GPS) from Equal-Weight to Overweight and raised the price target from $11 to $16.
October 25, 2023 | 10:24 am
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POSITIVE IMPACT
Gap's stock has been upgraded to Overweight by Wells Fargo, with a raised price target of $16, up from $11.
The upgrade from Equal-Weight to Overweight by Wells Fargo indicates a positive outlook for Gap. The raised price target from $11 to $16 suggests that the analyst believes the stock has significant upside potential. This could lead to increased investor interest and a potential rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100