Bull Notes Galore for Gap Stock After Earnings

Retail giant Gap Inc (NYSE:GPS) yesterday announced better-than-expected fourth-quarter profits of 49 cents per share on $4.3 billion. The company attributed the results to lower markdowns and strong demand for its Old Navy products during the holiday season. At last check, GPS is up 4.4% at $20.17.In response, six analysts raised their price target, including Barclays to $28 from $26. More tailwinds could stem from a round of upgrades, as 10 of 15 brokerage firms in coverage call GPS a "hold" or worse. The ...