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Why Gap's Stock Is Trading Higher Today

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Why Gap's Stock Is Trading Higher Today

Gap (NYSE: GPS) shares are trading higher on Monday after analysts at Wells Fargo increased their rating of the stock from Equal-Weight to Overweight and raised the price target from $8 to $19.

Gap retails apparel, accessories, and personal care products under the Gap, Old Navy, Banana Republic, Athleta, Hill City, Janie & Jack, and Intermix brands. Old Navy generates nearly half of Gap's sales.

Gap shares were trading up 6.66% at $11.37 on Monday. The stock has a 52-week high of $19.86 and a 52-week low of $5.26.

Related Links:

Gap Reports Q4 Earnings Beat, CEO Warns Of Uncertainty

Gap Sales Drop Amid Pandemic, Retailer To Furlough 80,000 Workers In US And Canada

 

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