Citigroup Downgrades Foot Locker to Neutral, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Citigroup analyst Paul Lejuez downgraded Foot Locker (NYSE:FL) from Buy to Neutral and lowered the price target from $48 to $30.

May 22, 2023 | 10:43 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Foot Locker downgraded to Neutral by Citigroup, with a lowered price target of $30.
Citigroup's downgrade of Foot Locker from Buy to Neutral and the lowering of the price target from $48 to $30 indicates a less optimistic outlook for the stock. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100