UBS upgraded Foot Locker to Neutral from Sell with a price target of $23, up from $12. One year ago the sell-side was forecasting $4.50 in EPS for FY24, but it now forecasts $1.60, notes the firm, which sees less downward EPS revision risk, no longer has a bearish view on macro and the market and says its “thesis has mostly played out.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on FL:
- Micron upgraded, Foot Locker downgraded: Wall Street’s top analyst calls
- Foot Locker price target lowered to $26 from $28 at Morgan Stanley
- Foot Locker price target lowered to $31 from $37 at Piper Sandler
- Foot Locker price target lowered to $22 from $26 at Barclays
- Foot Locker price target lowered to $30 from $35 at Guggenheim
