Why The Gap Blasted 10% Higher on Tuesday
Shares of The Gap (NYSE: GPS) popped on Tuesday, thanks to a major upgrade from Citigroup. Analyst Paul Lejuez at the influential bank doubled his price target on the retailer's stock, to $24 per share. Even after Tuesday's price jump, the shares were only trading at just above $17 apiece.
The analyst also upped his recommendation on the stock, to buy from the previous neutral.
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Source Fool.com
