JP Morgan Maintains Neutral on Foot Locker, Lowers Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains a Neutral rating on Foot Locker (NYSE:FL) and lowers the price target from $48 to $38.
May 22, 2023 | 10:48 am
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JP Morgan analyst lowers Foot Locker's price target from $48 to $38, maintaining a Neutral rating.
The lowered price target from $48 to $38 by JP Morgan analyst Matthew Boss indicates a less optimistic outlook for Foot Locker's stock. This could lead to a negative short-term impact on the stock price as investors may adjust their expectations and positions accordingly.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100