Jefferies Reiterates Buy Rating on Foot Locker (FL) After NDR

July 1, 2021 8:37 AM EDT
Get Alerts FL Hot Sheet
Price: $49.63 +0.57%

Rating Summary:
    26 Buy, 12 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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Jefferies analyst Janine Stichter reiterated a Buy rating and $80.00 price target on Foot Locker (NYSE: FL) after hosting meetings with CEO, Dick Johnson, CFO, Andrew Page, and VP Corp Finance, Jim Lance.

The analyst stated "We came away confident that FL is set to benefit from a cleaner industry backdrop (NKE cleaning up distro, inv. in the channel staying leaner), while we see growth oppty stemming from women's and apparel. A robust balance sheet (30% of cap in cash, before GOAT) adds optionality."

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 $61.63 yesterday.

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