GAP Stock Surged 18% Last Week: Wall Street Raises Price Targets, Eyes Old Navy Turnaround
Analysts raised their price targets as Gap’s performance improved and confidence in its earnings outlook grew. TD Cowen raised Gap’s price target to $27 and kept a Buy rating, while Morgan Stanley lifted its target to $23 and maintained Equal Weight. Both cited better-than-feared Q2 results, though analysts want more proof of Old Navy’s expected … Read more