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

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.

More In Street Calls

CNBC ProGoldman Sachs names its top reopening stocks as England drops travel quarantine rules
CNBC ProCiti sees a correction coming because too many inexperienced investors are plowing into stocks
CNBC ProJPMorgan upgrades Under Armour to overweight after earnings beat, thinks stock can run 30% higher