Piper Sandler Upgrades Foot Locker to Overweight, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Abbie Zvejnieks upgraded Foot Locker (NYSE:FL) from Neutral to Overweight and increased the price target from $24 to $33, indicating a more positive outlook on the company's stock.
December 14, 2023 | 1:37 pm
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POSITIVE IMPACT
Foot Locker's stock may see a positive short term impact due to Piper Sandler's upgrade from Neutral to Overweight and a raised price target from $24 to $33.
Analyst upgrades typically lead to a positive short term reaction in the stock market as they suggest improved fundamentals or potential growth that may not have been priced in. The increase in the price target further reinforces the positive sentiment, suggesting that the stock is undervalued at its current price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100