Wells Fargo Maintains Overweight on Gap, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Gap (NYSE:GPS) and increased the price target from $16 to $20.
November 17, 2023 | 1:48 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Gap's Overweight rating and raised the price target to $20, indicating a positive outlook on the stock.
The increase in price target by a major analyst like Ike Boruchow suggests a strong confidence in Gap's future performance, which could lead to increased investor interest and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100