Gap Analyst Praises Turnaround Strategy As Stock Climbs
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Shares of Gap Inc (NYSE:GAP) were climbing on Monday, a week after the company reported upbeat quarterly earnings.
The company reported the fourth straight quarter of revenue growth and seventh consecutive quarters of market share expansion, according to JPMorgan.
Analyst Matthew Boss upgraded the rating for from Neutral to Overweight, while raising the price target from $28 to $30.
The Gap Thesis: CEO Richard Dickson noted that the …
Full story available on Benzinga.com
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