Sterne Agee Says Buy Foot Locker (FL) on Weakness

January 2, 2013 12:26 PM EST
Get Alerts FL Hot Sheet
Price: $69.23 -0.72%

Rating Summary:
    19 Buy, 11 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 20 | New: 54
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Sterne Agee's Sam Poser reiterated his Buy rating and $41 price target on Foot Locker (NYSE: FL), saying to buy the stock weakness as fundamentals are strong & 4Q SSS will likely exceed their +6% estimate.

"We would be buyers of Foot Locker on the current weakness," Poser said. "We do not see the negative commentary regarding Finish Line (NASDAQ: FINL) from competitor firms as a read through to FL."

For an analyst ratings summary and ratings history on Foot Locker click here. For more ratings news on Foot Locker click here.

Shares of Foot Locker closed at $32.12 yesterday.

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