Goldman Sachs Downgrades Foot Locker to Sell, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kate McShane has downgraded Foot Locker (NYSE:FL) from Neutral to Sell and set a price target of $18.
October 19, 2023 | 10:37 am
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NEGATIVE IMPACT
Foot Locker has been downgraded from Neutral to Sell by Goldman Sachs with a price target of $18.
The downgrade from Goldman Sachs, a major financial institution, could negatively impact investor sentiment towards Foot Locker. The low price target of $18 suggests that Goldman Sachs expects the stock's price to decrease in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100