Citigroup Upgrades Foot Locker to Neutral, Announces $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez upgraded Foot Locker (NYSE:FL) from Sell to Neutral and set a new price target of $24. This adjustment reflects a change in Citigroup's outlook on Foot Locker's stock.
March 22, 2024 | 12:53 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Citigroup upgraded Foot Locker from Sell to Neutral and set a $24 price target, indicating a more favorable outlook on the stock.
The upgrade from Sell to Neutral by a major analyst like Citigroup suggests a significant change in the stock's outlook, potentially leading to increased investor confidence and a positive short-term price movement. The setting of a $24 price target further quantifies Citigroup's expectations for the stock, providing a benchmark for investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100