Guggenheim Maintains Buy on Foot Locker, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Robert Drbul maintains a Buy rating on Foot Locker (NYSE:FL) but lowers the price target from $50 to $23.
August 24, 2023 | 6:57 pm
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Foot Locker's price target has been lowered from $50 to $23 by Guggenheim, although the Buy rating is maintained.
The lowering of the price target by Guggenheim indicates a potential decrease in Foot Locker's stock price in the short term. However, the maintained Buy rating suggests that the analyst still sees potential in the company's long-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100