Morgan Stanley Maintains Equal-Weight on Foot Locker, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Alex Straton maintains an Equal-Weight rating on Foot Locker (NYSE:FL) and lowers the price target from $28 to $26.

March 07, 2024 | 3:03 pm
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NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on Foot Locker and lowers the price target from $28 to $26.
The reduction in price target by Morgan Stanley suggests a less optimistic outlook on Foot Locker's stock performance in the short term. This adjustment could lead to a negative perception among investors, potentially causing a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100