Morgan Stanley Maintains Equal-Weight on Foot Locker, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Kimberly Greenberger maintains an Equal-Weight rating on Foot Locker (NYSE:FL) and lowers the price target from $33 to $30.
May 22, 2023 | 12:20 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Foot Locker and lowers the price target from $33 to $30.
The lowered price target from Morgan Stanley indicates a potential decrease in Foot Locker's stock price. As a result, the short-term impact on the stock is likely to be negative. The relevance and importance are high as the news directly pertains to Foot Locker and its stock price, and the confidence in the analysis is also high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100