Gap price target raised to $25 from $23 at UBS

UBS raised the firm’s price target on Gap (GAP) to $25 from $23 and keeps a Neutral rating on the shares. The firm’s checks suggest Gap’s Q3 and Q4-to-date sales trends were solid, but believes the market already has a similar view, the analyst tells investors in a research note. UBS does not expect Gap’s Q3 print to lead the Street to significantly revise its estimates or the stock’s multiple to move much.