Analyst: Gap Stock Has Multi-Year Growth Setup

Shares of Gap Inc (NYSE:GAP) are 4.7% higher at $25.40 this morning, after a bull note at JPMorgan Securities. The analyst in question upgraded GAP to "overweight" from "neutral" and hiked its price target from $28 to $30 -- a 23.7% upside to Friday's close.The apparel retailer saw its revenue grow for four straight quarters and its market share expand for seven. In addition, JPMorgan expects multi-year growth after the assortment reset at Athleta, while Gap is also experiencing a strong start to the holida ...