Citigroup Maintains Sell on Foot Locker, Raises Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez has maintained a Sell rating on Foot Locker (NYSE:FL), while raising the price target from $20 to $22.

February 27, 2024 | 4:54 pm
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Citigroup maintains a Sell rating on Foot Locker, but raises the price target from $20 to $22.
The maintenance of a Sell rating by a major analyst like Citigroup, despite the increase in price target, suggests skepticism about Foot Locker's short-term growth prospects. This could lead to negative sentiment among investors, potentially impacting the stock's price negatively in the short term.
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IMPORTANCE 80
RELEVANCE 100