Foot Locker stock sliding on Goldman downgrade: 4 big analyst cuts

Investing.com -- Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Foot Locker, Canada Goose,) shares plunged nearly 7% premarket Thursday after Goldman Sachs downgraded the company to Sell from Neutral with a price target of $18.00.

The firm is concerned that the ongoing repositioning of the Champs Sports brand will continue to negatively impact Foot Locker's comparable sales, that market share is facing challenges in stabilizing due to changes inThis closely follows a Foot Locker downgrade at CFRA, which also cut its rating to Sell with a price target of $15.00.

And TD Cowen shifted its rating to Market Perform from Outperform, adjusting the price target from $22.00 to $15.00, noting that they are watching"cautious economic news in China & Europe and lack visibility into margin expansion if sales miss expectations."shares ticked lower premarket Thursday after Jefferies downgraded the company to Hold from Buy and cut its price target to $65.00 from $85.00.

to Underweight from Overweight and cut its price target to $19.00 from $26.00. Shares dropped more than 4% pre-market to $20.53.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Include punctuation and upper and lower cases.

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