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Wells Fargo hikes Gap price target ahead of Kanye West's Yeezy collab, sees 30% upside

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A view of Gap Clothing Store in Times Square in New York City USA during the coronavirus pandemic on May 9, 2020 in New York City.
John Nacion | NurPhoto | Getty Images

Wells Fargo is bullish on Gap's upcoming line with Kanye West's Yeezy brand and thinks it could help drive the retail stock's price more than 30% higher.

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