Foot Locker shares are trading higher after Barclays upgraded the stock from Equal-Weight to Overweight and raised its price target from $27 to $34.
Portfolio Pulse from Benzinga Newsdesk
Foot Locker shares rise as Barclays upgrades the stock from Equal-Weight to Overweight, increasing the price target from $27 to $34.
August 29, 2024 | 7:42 pm
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Barclays has upgraded Foot Locker from Equal-Weight to Overweight, raising the price target from $27 to $34, leading to a rise in Foot Locker's stock price.
The upgrade by Barclays from Equal-Weight to Overweight and the increase in price target from $27 to $34 is a strong positive signal for investors, indicating confidence in Foot Locker's future performance. This has led to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100