Gap Stock Named Top Pick on Profitability Prospects

Morgan Stanley named Gap Inc (NYSE GPS) stock one of its top picks this morning, upgraded it to "overweight" from "equal weight," and hiked its price target to $29 from $27. The analyst praised the apparel retailer's topline growth and profitability prospects. In response, GPS was last seen up 2.6% to trade at $23.67.Analysts were split on GPS coming into today, with eight calling it a tepid "hold" or worse, while eight said "strong buy." This suggests more upgrades could still be on the horizon. Additional ...