Foot Locker (FL) Performance Tied to Basketball, Not Running - Goldman

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Goldman Sachs today maintained a Buy rating on Foot Locker (NYSE: FL) with a price target of $39.00. Analyst said they were confident in Foot Locker's ability to outperform despite concerns about slow running trends.

"Basketball sell-though remains strong in 2013 thanks to the support of a strong Jordan retro release calendar," said analyst Taposh Bari. "FL outperforms in a basketball cycle, even if running is weak."

For an analyst ratings summary and ratings history on Foot Locker (NYSE: FL) click here. For more ratings news on Foot Locker click here.

Shares of Foot Locker closed at $34.35 yesterday, with a 52 week range of $27.86-$37.65.

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