B of A Securities Maintains Neutral on Foot Locker, Lowers Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Neutral rating on Foot Locker (NYSE:FL) and lowers the price target from $45 to $36.
May 22, 2023 | 9:19 am
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NEUTRAL IMPACT
Foot Locker's price target has been lowered from $45 to $36 by B of A Securities, maintaining a Neutral rating.
The news directly mentions Foot Locker (NYSE:FL) and the lowered price target by B of A Securities. This may cause some investors to reevaluate their positions, but the Neutral rating suggests that the stock is not expected to significantly outperform or underperform the market in the short term. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100