Morgan Stanley Maintains Equal-Weight on Gap, Raises Price Target to $14
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Equal-Weight rating on Gap Inc. (NYSE:GPS) and increased the price target from $13 to $14. This adjustment reflects a slightly more positive outlook on the company's stock while maintaining a neutral stance.
November 17, 2023 | 1:03 pm
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Morgan Stanley's analyst has maintained a neutral Equal-Weight rating on Gap Inc. but raised the price target from $13 to $14, indicating a slightly more optimistic view on the stock's potential performance.
The increase in price target by a reputable analyst like Morgan Stanley can lead to a positive investor sentiment in the short term, potentially driving the stock price up. The Equal-Weight rating suggests that the stock is adequately valued, but the new price target implies that there may be some room for growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100