Foot Locker (FL) Performance Tied to Basketball, Not Running - Goldman
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Price: $24.01 --0%
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 25 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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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.
"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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