Gap Upgraded at Piper Jaffray, Crawl Lower

Shares of Gap were slightly higher on Monday as Piper Jaffray upgraded its rating on the shares to Neutral from Underweight.
Author:
Publish date:

Shares of Gap (GPS) - Get Report were slightly higher Monday as Piper Jaffray upgraded its rating on the shares to neutral from underweight. Analysts at Piper Jaffray adjusted the rating, as they see accelerating momentum in holiday spending trends, and believe Gap could benefit from this. But they remain concerned about market-share loss at the core Gap division. Analysts maintained their $23 price target.

Employees of TheStreet are restricted from trading individual securities.