Wells Fargo lowered the firm’s price target on Gap (GAP) to $22 from $24 and keeps an Equal Weight rating on the shares following quarterly results. The firm says there are holes to poke, as it expects the stock to pull back post Q2 earnings. A gross margin miss combined with larger tariff headwinds exiting 2025 are enough to shrink visibility with 2026 EPS Power very difficult to predict today, Wells adds.
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Read More on GAP:
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