Evercore ISI Group Maintains Outperform on Foot Locker, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Omar Saad maintains an Outperform rating on Foot Locker (NYSE:FL) but lowers the price target from $45 to $30.
August 24, 2023 | 4:28 pm
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NEGATIVE IMPACT
Foot Locker's price target has been lowered from $45 to $30 by Evercore ISI Group, though the Outperform rating is maintained.
The lowering of the price target by Evercore ISI Group indicates a potential decrease in Foot Locker's stock price in the short term. However, the maintained Outperform rating suggests that the company is still expected to perform better than other stocks in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100