Guggenheim Maintains Buy on Foot Locker, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Robert Drbul maintains a Buy rating on Foot Locker (NYSE:FL) but lowers the price target from $60 to $50.
May 22, 2023 | 2:13 pm
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Guggenheim analyst maintains Buy rating on Foot Locker (NYSE:FL) but lowers price target from $60 to $50.
The news of Guggenheim maintaining a Buy rating on Foot Locker is positive for the stock. However, the lowering of the price target from $60 to $50 may create some uncertainty among investors, potentially offsetting the positive sentiment. As a result, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100