Guggenheim Maintains Buy on Foot Locker, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Robert Drbul maintains a Buy rating on Foot Locker (NYSE:FL) but lowers the price target from $35 to $30.

March 07, 2024 | 11:33 am
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Guggenheim maintains a Buy rating on Foot Locker but lowers the price target from $35 to $30.
While the Buy rating suggests a positive outlook on Foot Locker's stock, the reduction in price target could indicate a tempered expectation for the stock's short-term performance. This mixed signal might lead to neutral market reaction in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90