Morgan Stanley Feels More Positive On The Gap Following Management Meeting

In a report published Thursday, Morgan Stanley analyst Kimberly C. Greenberger reiterated an Equal-Weight rating on The Gap (NYSE: GPS).

In the report, Morgan Stanley noted, “Following a management meeting with CEO Glenn Murphy and our China Field Trip, we are incrementally more positive on GPS' global growth opportunities and supply chain initiatives. If evidence emerges that these efforts are materializing, we see potential multiple re-rating.”

The Gap closed on Wednesday at $43.44.