Citigroup Upgrades Gap to Buy, Raises Price Target to $28
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez upgraded Gap (NYSE:GPS) from Neutral to Buy and increased the price target from $21 to $28, indicating a positive outlook on the company's stock.

May 07, 2024 | 12:14 pm
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Citigroup upgraded Gap's stock from Neutral to Buy and raised the price target from $21 to $28, showing a strong confidence in the company's future performance.
The upgrade by Citigroup from Neutral to Buy, accompanied by a significant increase in the price target, suggests a strong positive sentiment towards Gap's stock. This is likely due to favorable analysis or expectations of the company's future performance, which could lead to increased investor interest and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100