Telsey Advisory Group Maintains Outperform on Foot Locker, Lowers Price Target to $36
Portfolio Pulse from richadhand@benzinga.com
Telsey Advisory Group analyst Joseph Feldman maintains an Outperform rating on Foot Locker (NYSE:FL) but lowers the price target from $50 to $36.
May 22, 2023 | 9:21 am
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Foot Locker's price target has been lowered from $50 to $36 by Telsey Advisory Group, while maintaining an Outperform rating.
Telsey Advisory Group has lowered Foot Locker's price target, which may cause some short-term uncertainty among investors. However, the Outperform rating is maintained, indicating that the analyst still believes in the company's potential for growth. The impact on the stock price is expected to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100