Why Gap Stock Is Trading Higher Today
Shares of Gap (NYSE: GPS) were moving higher on Monday, after a key analyst raised his price target and upgraded the stock.
As of 10:45 a.m. EDT today, Gap's shares were up 14.4% from Friday's closing price.
In a note on Monday morning, J.P. Morgan analyst Matthew Boss raised his rating on Gap's shares to neutral from underweight, and his price target to $11 from $7.
Source Fool.com