BTIG Maintains Buy on Foot Locker, Lowers Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Janine Stichter has maintained a 'Buy' rating on Foot Locker (NYSE:FL) but lowered the price target from $42 to $35.
August 17, 2023 | 4:28 pm
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NEUTRAL IMPACT
Foot Locker's price target has been lowered from $42 to $35 by BTIG, though the 'Buy' rating is maintained.
The lowering of the price target by BTIG could potentially create a negative sentiment among investors, but the maintained 'Buy' rating suggests that the analyst still sees potential in the stock. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100