Evercore ISI Group Upgrades Foot Locker to Outperform, Raises Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI Group analyst Michael Binetti upgraded Foot Locker (NYSE:FL) from In-Line to Outperform and increased the price target from $28 to $32.
March 25, 2024 | 10:40 am
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Foot Locker was upgraded by Evercore ISI Group from In-Line to Outperform, with a price target increase from $28 to $32.
Upgrades by analysts, especially from reputable firms like Evercore ISI Group, often lead to positive short-term price movements. The increase in price target from $28 to $32 suggests a strong confidence in the company's future performance, potentially making FL an attractive investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100