Wells Fargo Keeps Gap Inc at Equal-Weight, Cuts Price Target to $22
Wells Fargo kept its equal-weight rating on Gap Inc and lowered its price target to $22 from $23, according to Dow Jones Newswires citing Benzinga data.
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what happened
Analysts at Wells Fargo left their rating on Gap Inc at equal-weight, a neutral stance, but reduced the stock's price target to $22 from $23. Dow Jones Newswires reported the change, citing data from Benzinga.
why it matters
A one-dollar cut is a modest revision to the valuation. A neutral rating signals that the bank sees no clear edge in either direction, so such moves usually shape sentiment around the stock more than the broader market.
tags
instruments
sources
- Gap Inc Is Maintained at Equal-Weight by Wells Fargo — Dow Jones Newswires, 13 November 2026 at 16:18 UTC
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