Sterne Agee Downgrades Gap To Neutral

Analysts at Sterne Agee downgraded The Gap

from Buy to Neutral. The price target for Gap has been lowered from $52 to $40. Gap shares have gained 5.59% over the past 52 weeks, while the S&P 500 index has surged 16.33% in the same period. Gap's shares tumbled 9.31% to $38.00 in pre-market trading.