Gap Stock Jumps on JPMorgan Upgrade, Price Target Raise

Key TakeawaysJPMorgan upgraded Gap stock after its analysts heard positive comments about the apparel retailer from its CEO and CFO.The bank said CEO Richard Dickson suggested the company was "at an inflection point moving to 'continuous improvement.'"JPMorgan estimates fiscal 2025 and fiscal 2026 profit will be above Wall Street expectations. Gap (GAP) shares jumped roughly 7% Monday when JPMorgan upgraded the stock and lifted the price target, pointing to positive comments from the apparel retailer's CEO ...