Barclays Maintains Equal-Weight on Foot Locker, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Adrienne Yih has maintained an Equal-Weight rating on Foot Locker (NYSE:FL) and reduced the price target from $26 to $22.
March 07, 2024 | 12:05 pm
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NEGATIVE IMPACT
Barclays has maintained an Equal-Weight rating on Foot Locker and lowered the price target from $26 to $22.
The reduction in price target by Barclays, a major financial institution, could lead to a negative short-term sentiment among investors, potentially causing a decrease in Foot Locker's stock price. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the lowered price target indicates a reduced confidence in the stock's short-term growth potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100