JP Morgan Downgrades Foot Locker to Underweight, Announces $17 Price Target
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has downgraded Foot Locker (NYSE:FL) from Neutral to Underweight and announced a $17 price target.
October 24, 2023 | 2:28 pm
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Foot Locker has been downgraded to Underweight from Neutral by JP Morgan, with a new price target of $17.
The downgrade by JP Morgan, a major financial institution, could negatively impact investor sentiment towards Foot Locker. The new price target of $17, if significantly lower than the current price, could also put downward pressure on the stock.
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