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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Gap price target raised to $24 from $22 at Wells Fargo