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

February 21, 2013 1:02 PM EST
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Price: $65.62 +0.95%

Rating Summary:
    16 Buy, 10 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 18 | Down: 14 | New: 31
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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.

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