Wells Fargo Maintains Overweight on Gap, Raises Price Target to $24
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Ike Boruchow has maintained an Overweight rating on Gap Inc. (NYSE:GPS) and increased the price target from $20 to $24.
December 22, 2023 | 1:31 pm
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Wells Fargo analyst Ike Boruchow has reaffirmed Gap's Overweight rating and raised the price target to $24, indicating a positive outlook on the stock.
The increase in price target by a major financial institution like Wells Fargo typically signals a strong conviction in the company's future performance and can lead to increased investor confidence, potentially driving the stock price up in the short term.
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