Morgan Stanley Maintains Equal-Weight on Foot Locker, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton has maintained an Equal-Weight rating on Foot Locker (NYSE:FL) and increased the price target from $20 to $26.
November 30, 2023 | 3:28 pm
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Morgan Stanley has maintained an Equal-Weight rating on Foot Locker and raised the price target from $20 to $26, indicating a positive outlook on the stock.
The increase in price target by Morgan Stanley suggests a more optimistic valuation of Foot Locker's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100