Seeking Alpha

Gap (GPS) is downgraded to Hold from Buy at Piper Jaffray with price target remaining at $47....

Gap (GPS) is downgraded to Hold from Buy at Piper Jaffray with price target remaining at $47. The team cites the stock's pricey valuation and expectations that may be tough to beat. The company last week reported June same-store sales well-ahead of expectations.
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