BTIG Maintains Buy Rating for Foot Locker: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
BTIG has maintained its Buy rating for Foot Locker (NYSE:FL) but lowered its price target from $42.00 to $35.00. Foot Locker's shares are currently trading at $25.25, meaning a move to $35.00 would represent a 38.59% increase.
August 17, 2023 | 5:00 pm
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NEUTRAL IMPACT
Foot Locker's price target has been lowered by BTIG from $42.00 to $35.00, although the Buy rating is maintained. The current share price is $25.25.
The news is directly about Foot Locker and its rating by BTIG. While the lowered price target might seem negative, the maintained Buy rating indicates that BTIG still sees potential in the stock. This could lead to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100