B of A Securities Maintains Neutral on Foot Locker, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Lorraine Hutchinson maintains a Neutral rating on Foot Locker (NYSE:FL) and lowers the price target from $31 to $27.
March 07, 2024 | 11:28 am
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Foot Locker's price target was lowered from $31 to $27 by B of A Securities, while maintaining a Neutral rating.
A reduction in the price target by an analyst, especially from a significant financial institution like B of A Securities, can lead to negative investor sentiment in the short term. Although the rating remains Neutral, the lowered price target suggests a downward revision in the expected performance or valuation of Foot Locker, which could negatively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100