Citigroup Maintains Neutral on Foot Locker, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Paul Lejuez maintains a Neutral rating on Foot Locker and raises the price target from $27 to $33.

August 20, 2024 | 4:09 pm
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Citigroup analyst Paul Lejuez maintains a Neutral rating on Foot Locker, but raises the price target from $27 to $33, indicating a more positive outlook.
The increase in price target from $27 to $33 suggests a more optimistic view on Foot Locker's future performance, which could positively influence investor sentiment and potentially lead to a short-term price increase. However, the Neutral rating indicates that the analyst does not see a strong buy opportunity, which tempers the overall impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100