Gap price target raised to $28 from $25 at Evercore ISI
Group 1 - Evercore ISI raised the price target on Gap (GAP) to $28 from $25 while maintaining an Outperform rating on the shares [1] - Q3 results showed stronger-than-expected same-store sales and gross margin improvements, indicating a shift towards a more aggressive growth strategy [1] - The Q4 guidance is viewed as conservative, suggesting potential for outperformance in the upcoming period [1]