Morgan Stanley Maintains Equal-Weight on Foot Locker, Lowers Price Target to $21
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Equal-Weight rating on Foot Locker (NYSE:FL) and lowered the price target from $30 to $21.
August 25, 2023 | 2:23 pm
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Foot Locker's price target has been lowered from $30 to $21 by Morgan Stanley, while maintaining an Equal-Weight rating.
The lowering of the price target by a major financial institution like Morgan Stanley indicates a less optimistic outlook for the company's stock, which could potentially lead to a decrease in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100