Piper Jaffray comes to the defense of Gap (GPS -9.9%) after shares tumbled on concerns about...

|By:, SA News Editor

Piper Jaffray comes to the defense of Gap (GPS -9.9%) after shares tumbled on concerns about holiday sales and the level of promotional activity fired up by the retailer. The firm says it's more than happy to dip in with Gap's shares down close to 9%.