B of A Securities Upgrades Gap to Neutral, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
B of A Securities has upgraded Gap (NYSE:GPS) from Underperform to Neutral and raised the price target from $18.5 to $25.
July 31, 2024 | 10:24 am
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POSITIVE IMPACT
B of A Securities has upgraded Gap from Underperform to Neutral and increased the price target from $18.5 to $25, indicating a more positive outlook on the stock.
The upgrade from Underperform to Neutral and the significant increase in the price target suggest that B of A Securities sees improved prospects for Gap. This positive analyst rating is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100