Foot Locker shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $24 to $18.
Portfolio Pulse from Benzinga Newsdesk
Foot Locker shares are trading lower after Morgan Stanley downgraded the stock from Equal-Weight to Underweight and lowered its price target from $24 to $18.
July 18, 2024 | 1:27 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Foot Locker shares are trading lower following a downgrade by Morgan Stanley from Equal-Weight to Underweight, with a reduced price target from $24 to $18.
Morgan Stanley's downgrade and reduced price target are likely to negatively impact investor sentiment and lead to a short-term decline in Foot Locker's stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100