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Morgan Stanley downgrades Gap to underweight, says retailer will face major margin pressure in 2022

Published Tue, Jan 18 20226:47 AM ESTUpdated Tue, Jan 18 20229:19 AM EST

Jesse Pound @/in/jesse-pound @jesserpound

A Gap store in New York, August 2, 2020.

Scott Mlyn | CNBC

Mall-based retailer Gap appears to be ill-suited for a competitive retail environment and rising costs in 2022, according to Morgan Stanley.

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