JPMorgan raised the firm’s price target on Gap (GAP) to $36 from $32 and keeps an Overweight rating on the shares. The company reported a “beat and raise” Q3 report, the analyst tells investors in a research note. The firm believes Gap is seeing a “flywheel effect on growth” across its Old Navy and Gap divisions.
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Read More on GAP:
- Gap Inc. Hold Rating: Balancing Strong Q3 Performance with Growth Uncertainties
- Gap Inc’s Strong Performance and Growth Potential: Buy Rating Reaffirmed by Alexandra Straton
- Gap price target raised to $27 from $23 at BofA
- Gap Inc’s Strong Q3 Performance and Positive Outlook Tempered by Tariff Concerns: Hold Rating Maintained
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