Barclays analyst Adrienne Yih raised the firm’s price target on Gap to $26 from $20 and keeps an Overweight rating on the shares. The firm’s 2024 specialty retail outlook reaffirms its view that a 2024 “retail megacycle has arrived.” Barclays spotlights wholesale with Nike (NKE) as its 2024 best idea, and highlights improving promotional checks suggesting holiday upside.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on GPS: