Jefferies Downgrades Foot Locker to Hold, Lowers Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Corey Tarlowe has downgraded Foot Locker (NYSE:FL) from Buy to Hold and lowered the price target from $28 to $18.
September 25, 2023 | 8:50 am
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Foot Locker's stock has been downgraded by Jefferies from Buy to Hold, with a lowered price target from $28 to $18.
The downgrade from Buy to Hold by Jefferies indicates a less optimistic outlook for Foot Locker's stock. The lowered price target from $28 to $18 also suggests that the analyst believes the stock is overvalued at current prices. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100