Wells Fargo Downgrades Gap Inc(GAP.US) to Hold Rating, Cuts Target Price to $22
Wells Fargo has downgraded Gap Inc (GAP.US) from an "Overweight" to a "Hold" rating, simultaneously lowering its target price to $22 from $26. This adjustment follows Gap's Q1 2024 earnings report, which indicated mixed results with slowing sales trends for key brands like Old …