Benchmark Starts Foot Locker (FL) at Hold; Views Next Two Years As In-line
Tweet
Share
E-mailGet Alerts FL Hot Sheet
Price: $24.01 --0%
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 20
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 20
Join SI Premium – FREE
Benchmark initiates coverage on Foot Locker (NYSE: FL) with a Hold. PT $35.00.
Analyst, Robert Samuels, said, "We think the stock is fairly valued and our 2012 and 2013 estimates are pretty much in-line with current consensus. In the near-term, FL should continue to benefit from tailwinds given the product cycle, which translates into mid-to-high single digit sales growth and double-digit EPS growth. However, looking further out, the company is no longer as much of a turnaround story and will need to prove that it can find incremental growth and margin enhancement opportunities as we move further along in the current product cycle."
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 $30.99 yesterday.
Analyst, Robert Samuels, said, "We think the stock is fairly valued and our 2012 and 2013 estimates are pretty much in-line with current consensus. In the near-term, FL should continue to benefit from tailwinds given the product cycle, which translates into mid-to-high single digit sales growth and double-digit EPS growth. However, looking further out, the company is no longer as much of a turnaround story and will need to prove that it can find incremental growth and margin enhancement opportunities as we move further along in the current product cycle."
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 $30.99 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Alpha Cognition Inc (ACOG) PT Raised to $20 at H.C. Wainwright
- Mitsubishi UFJ Financial Group Inc (ADR) (8306:JP) (MUFG) PT Raised to JPY4,360 at JPMorgan
- Mizuho Financial Group (8411:JP) (MFG) PT Raised to JPY10,760 at JPMorgan
Create E-mail Alert Related Categories
Analyst PT Change, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
