Piper Jaffray Upgrades Gap (GPS) to Overweight, Raises Target to $34

Shares of Gap, Inc. (NYSE: GPS) are up about 0.7 percent in Tuesday's after-hours session following a late-day upgrade from Piper Jaffray's Jeffrey Klinefelter. The analyst now rates Gap shares an Overweight, up from Neutral previously, and raised his price target from $27 to $34.

With the stock last trading at $26.35, Klinefelter's new price target represents potential upside of about 29 percent.

For an analyst ratings summary and ratings history on Gap, Inc. click here. For more ratings news on Gap, Inc. click here.

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