Gap: Down, Not Out

As my colleague Crystal Kim noted this morning, beaten-down retailers have started attracting traders and investors looking for bargains. But they’re not the only one’s taking a less dim view on the sector, as analysts have started to change their ratings on some of the most beaten down retailers. Case in point: JPMorgan’s Matthew Boss and team, who raised their rating on Gap (GPS) to Neutral from Underweight this morning. They explain why:
Source: Barrons

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