Gap price target raised to $15 from $10 at Baird

Baird analyst Mark Altschwager raised the firm’s price target on Gap to $15 from $10 and keeps a Neutral rating on the shares. The fim said they delivered another significant earnings beat as its year of efficiency continues and Old Navy shows more signs of getting back on track. They noted sentiment has shifted quickly as the company bounced back from depressed earnings, and Q4 guidance again looks conservative.