BTIG Maintains Buy on Foot Locker, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Janine Stichter maintains a Buy rating on Foot Locker (NYSE:FL) but lowers the price target from $53 to $42.
May 22, 2023 | 9:16 am
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NEUTRAL IMPACT
Foot Locker's price target has been lowered from $53 to $42 by BTIG analyst Janine Stichter, who maintains a Buy rating on the stock.
The news of BTIG lowering Foot Locker's price target may have a neutral short-term impact on the stock price. While the price target has been reduced, the Buy rating has been maintained, indicating that the analyst still believes in the company's potential. This mixed signal may not lead to a significant change in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100