JPMorgan analyst Matthew Boss raised the firm’s price target on Gap (GAP) to $32 from $29 and keeps an Overweight rating on the shares. The firm yesterday’s post-earnings selloff as a buying opportunity. Gap’s comps inflected in July to close out Q2, the analyst tells investors in a research note. JPMorgan says 90% of the company’s brand portfolio is now driving low-to-mid-single-digit comp growth.
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