JP Morgan Maintains Underweight on Foot Locker, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss maintains an Underweight rating on Foot Locker (NYSE:FL) and lowers the price target from $26 to $23.
March 07, 2024 | 8:24 pm
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JP Morgan analyst Matthew Boss maintains an Underweight rating on Foot Locker and lowers the price target from $26 to $23.
The reduction in price target by JP Morgan, a major financial institution, suggests a bearish outlook on Foot Locker's stock. This could lead to a decrease in investor confidence and potentially lower stock prices in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100