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Actionable news in GPS: THE GAP Inc,

Gap (GPS) Stock Climbs, Upgraded at Wolfe Research

NEW YORK (TheStreet) -- Shares of Gap (GPS) are gaining 3.25% to $25.13 on Monday morning as Wolfe Research raised its rating on the stock to "outperform" from "peer perform," the Fly reports.

The firm said that potential upside to fiscal 2017 earnings is underappreciated and positive inventory and gross margin return on inventory inflections is on the horizon.

Additionally, Wolfe Research cited the stabilization and possible recovery of the company's Old Navy brand beginning in the second half of the year and supportive free cash flow and dividend yields, the Fly noted.

Separately, Wells Fargo raised its...