Baird Maintains Neutral on Foot Locker, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Jonathan Komp maintains a Neutral rating on Foot Locker (NYSE:FL) but raises the price target from $26 to $35.

August 26, 2024 | 11:54 am
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Baird analyst Jonathan Komp has maintained a Neutral rating on Foot Locker but increased the price target from $26 to $35, indicating a more positive outlook.
The increase in price target from $26 to $35 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 impact.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100