Foot Locker (FL) Tops Q4 EPS by 7c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/16/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Telsey Downgrades Foot Locker (FL) to Market Perform
March 7, 2024 5:07 AM ESTTelsey analyst Cristina Fernandez downgraded Foot Locker (NYSE: FL) from Outperform to Market Perform with a price target of $28.00 (from $38.00).
The analyst comments "We are downgrading FL to Market Perform from Outperform due to higher than expected SG&A spending in 2024 that is resulting in a more gradual pace of operating margin recovery than we had anticipated. In specific, Foot Locker guided to operating margin expansion of just 10-50 bps YoY to 2.8%-3.2% in 2024, despite the comp and gross... More
