Morgan Stanley lowered the firm’s price target on Foot Locker (FL) to $16 from $17 and keeps an Underweight rating on the shares. The company’s Q3 miss and FY guidance cut reinforces the firm’s skepticism around a potential turnaround and leaves more for the bears to point to, the analyst tells investors in a research note. The firm continues to see risk to full-year and mid-term street EPS, thus resulting in a lowered price target
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Read More on FL:
- Foot Locker price target lowered to $24 from $30 at Telsey Advisory
- Foot Locker price target lowered to $20 from $21 at Williams Trading
- Foot Locker upgraded to Hold from Sell at Williams Trading
- Foot Locker price target lowered to $25 from $30 at BofA
- Foot Locker price target lowered to $22 from $26 at UBS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
