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Fly News Breaks for August 27, 2018
GPS
Aug 27, 2018 | 10:13 EDT
Citi analyst Paul Lejuez upgraded Gap to Neutral from Sell with an unchanged price target of $28. Since end of November 2017, the stock is down 9% versus the average stock performance of up 42% in the analyst's coverage universe. Following last week's post-earning selloff, Gap shares are now within 1% of Lejuez's price target. As such, he cites valuation for his upgrade to Neutral.
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