Foot Locker (FL) PT Raised to $64 at Jefferies on New CFO Hire

March 26, 2021 8:17 AM EDT
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Price: $58.62 +0.64%

Rating Summary:
    26 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 31
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Jefferies analyst Janine Stichter raised the price target on Foot Locker (NYSE: FL) to $64.00 (from $57.00) while maintaining a Buy rating after the company announced the appointment of Andrew Page as EVP and CFO, effective 4/12/21.

The analyst stated "FL announced the appointment of Andrew Page as EVP and CFO, following the previous announcement that longtime CFO Lauren Peters planned to retire in April. We are pleased with the appointment, as Mr. Page brings both public co. experience and knowledge of the athletic apparel/footwear space. We do not expect a major departure from previous strategic priorities, and expect a continued focus on real estate optimization, cost control, and digital transformation".

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