Goldman Sachs Downgrades Gap (GPS) to Neutral, Removes From Buy List

June 5, 2009 6:56 AM EDT

Goldman Sachs downgrades Gap (NYSE: GPS) from Buy to Neutral and removed the stock from their Conviction Buy List, saying the shares reflect improvement at at Old Navy. The firm is maintaining their $18 price target.

The Gap, Inc., through its subsidiaries, operates as a specialty retailing company.


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GPS 22.92

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