Gap shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $27 to $29.
Portfolio Pulse from Benzinga Newsdesk
Gap shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $27 to $29.
July 18, 2024 | 10:20 am
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Morgan Stanley upgraded Gap's stock from Equal-Weight to Overweight and increased the price target from $27 to $29, leading to a rise in Gap's share price.
The upgrade from a major financial institution like Morgan Stanley typically signals confidence in the company's future performance, which can attract more investors and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100