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Analyst Downgrades Foot Locker (FL), Finish Line (FINL) to Hold

June 29, 2009 3:42 PM EDT
FL Hot Sheet
Rating Summary:
    8 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 14 | Down: 7 | New: 22
Analysts at Gilford Securities downgraded two stocks in the Retail Apparel group this morning: Foot Locker (NYSE: FL) and its smaller competitor, Finish Line (Nasdaq: FINL). The firm moved its investment rating on both stocks from Hold to Buy.

The stocks are mixed on the downgrade today. Shares of Foot Locker have fallen about 1.5% to $10.64, while Finish Line shares are up 1% to $7.76.

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