UPDATE: Jefferies Downgrades The Gap as Stock is Cooling Off After a Great Run
December 06, 2013 at 09:24 AM EST
In a report published Friday, Jefferies analyst Randal J. Konik downgraded the rating on The Gap (NYSE: GPS ) from Buy to Hold, and lowered the price target from $51.00 to $40.00. In the report, Jefferies noted, “GPS has been one of our favorite names since mid-2011, as structural changes
