Buy this retailer as it can ward off tariff pressures, says Barclays

Barclays believes that Gap has what it takes to hedge against future potential tariff pressures, making the outlook for the Old Navy parent more constructive. The bank upgraded the clothing retailer to an overweight rating from equal weight. Analyst Adrienne Yih also hiked her price target to $30 per share from $19, which implies 24% upside from Friday's close. Yih touted the disciplined leadership strategy under Gap CEO Richard Dickson and CFO Katrina O'Connell, which has helped elevate Gap's brand and drive sustainable growth for the company. GAP YTD mountain GPS YTD chart "GAP's strategy is focused on rebuilding long-term brand equity through product innovation, customer targeting, and high-return marketing," she wrote. "Our investment thesis is based on 1) leadership & brand focus driv