Telsey Advisory Group Maintains Outperform on Foot Locker, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Telsey Advisory Group analyst Joseph Feldman has maintained an Outperform rating on Foot Locker (NYSE:FL) and increased the price target from $22 to $31.
November 30, 2023 | 10:37 am
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POSITIVE IMPACT
Telsey Advisory Group has reaffirmed Foot Locker's Outperform rating and raised the price target from $22 to $31, indicating a positive outlook on the stock.
The increase in price target by Telsey Advisory Group suggests a strong confidence in Foot Locker's future performance. This endorsement from a reputable analyst is likely to instill investor confidence and could lead to a short-term increase in the stock price, as market participants may adjust their valuations to align with the new price target.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100