Gap price target raised to $29 from $27 at BofA

BofA raised the firm’s price target on Gap (GAP) to $29 from $27 and keeps a Neutral rating on the shares, stating “were no surprises” in the Q4 print. While “encouraged” by the positive comps, the firm remains concerned that the lower-end customer could be pressured by tariffs, notes the analyst, who is raising the firm’s FY26 EPS estimate by 3% to $2.25 to reflect a slightly improved gross margin outlook.