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JP Morgan Downgrades Gap Shares Citing Expected Holiday Struggles

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This year’s holiday season may not be as robust for Gap Inc., according to Wall Street predictions, with J.P. Morgan on Thursday downgrading the retailer, citing operational issues and inventory imbalances, among other expected challenges. In a note to clients on Wednesday, J.P. Morgan chief analyst Matthew Boss downgraded Gap Inc. shares from neutral to underweight, anticipating…

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