Barclays upgraded Gap (GAP) to Overweight from Equal Weight with a price target of $30, up from $19. The firm likes the company’s “disciplined leadership strategy” under CEO Richard Dickson. Gap is focused on long-term sales and margin recovery across all its brands through product innovation, customer targeting, and marketing excellence, the analyst tells investors in a research note. Barclays believes Gap is executing a “sustainable” product, customer, and brand led strategy to drive long-term recovery.
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