BUZZ-Gap up after Citi raises PT and upgrades to "buy"

Reuters05-07

** Apparel retailer Gap shares up 3.5% to $22.98 premarket

** Citigroup lifts PT to $28 from $21; upgrades to "buy" from "neutral" rating

** Brokerage notes co is set to capitalize on the steady demand and current consumer trend favoring denim bottoms

** Four of 20 brokerages rate the stock "buy" or higher, 11 "hold" and four "sell"; their median PT is $21

** GPS up 6.2% YTD, as of last close after 85% leap in 2023

(Reporting by Annett Mary Manoj in Bengaluru)

((AnnettMary.Manoj@thomsonreuters.com))

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