UBS Upgrades Foot Locker to Neutral, Raises Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Jay Sole upgrades Foot Locker (NYSE:FL) from Sell to Neutral and raises the price target from $12 to $23.
March 11, 2024 | 1:54 pm
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UBS analyst Jay Sole upgrades Foot Locker from Sell to Neutral and raises the price target from $12 to $23.
The upgrade from Sell to Neutral by a prominent analyst at UBS, coupled with a significant increase in the price target, suggests a more favorable outlook for Foot Locker. This could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100