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Gap price target lowered to $25 from $26 at UBS

Gap price target lowered to $25 from $26 at UBS

UBS analyst Jay Sole lowered the firm’s price target on Gap (GAP) to $25 from $26 and keeps a Neutral rating on the shares. Gap delivered a solid report for Q4, but the current stock price implies the market’s view around Gap’s earning potential is similar to the firm’s, the analyst tells investors in a research note. The firm doesn’t see much upside to the consensus FY25 EPS estimate and doesn’t see a catalyst on the horizon which can drive multiple expansion.

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