Foot Locker shares are trading higher after Evercore ISI Group upgraded the stock from In-Line to Outperform and raised its price target from $28 to $32.
Portfolio Pulse from Benzinga Newsdesk
Foot Locker's stock price increased following an upgrade by Evercore ISI Group from In-Line to Outperform, with a raised price target from $28 to $32.
March 25, 2024 | 11:06 am
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POSITIVE IMPACT
Foot Locker's stock price is likely to experience a short-term increase following the upgrade by Evercore ISI Group and the raised price target.
Upgrades by reputable financial institutions like Evercore ISI Group typically lead to a positive short-term reaction in the stock market. The increase in the price target from $28 to $32 signals a strong confidence in Foot Locker's potential for growth, likely encouraging investors to buy shares.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100