A Lot to Like About Newly Upgraded Retail Stock

Gap Inc (NYSE:GPS) stock is 2.5% higher before the opening bell, after J.P. Morgan Securities upgraded the retailer to "neutral" from "underweight" and hiked its price target by $4 to $20. The analyst cited Gap's cost-cutting measures and increased product offerings.Since hitting a more than two-year high of $22.08 on Dec. 11, Gap stock has traded in a consolidatory pattern with a series of dips and rallies. Despite the choppiness and 7% year-to-date deficit, the shares are poised to bounce off their 80-day ...