Just as
UAA
and
NKE
have been treated to upgrades, it was
FL
turn today. It really comes as no surprise as consumer sentiment had greatly improved in the first quarter in comparison to the 4th quarter of 2018. B. Riley raised price target for Foot Locker, Inc. from $62 to $73. Foot Locker shares closed at $55.47 on Thursday. We will not be jumping in at this level until a few resistance levels are broken, $60 looks like a appealing long entry point.
Average price target $70
Average rating Overweight
COMPANY PROFILE
Foot Locker, Inc. engages in the retail of athletic shoes and apparel. It operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment sells athletic footwear and apparel under the Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point, and Sidestep brands. The Direct-to-Customers segment includes Footlocker.com, Inc., Eastbay, Inc., and international electronic commerce businesses.
UAA
and
NKE
have been treated to upgrades, it was
FL
turn today. It really comes as no surprise as consumer sentiment had greatly improved in the first quarter in comparison to the 4th quarter of 2018. B. Riley raised price target for Foot Locker, Inc. from $62 to $73. Foot Locker shares closed at $55.47 on Thursday. We will not be jumping in at this level until a few resistance levels are broken, $60 looks like a appealing long entry point. Average price target $70
Average rating Overweight
COMPANY PROFILE
Foot Locker, Inc. engages in the retail of athletic shoes and apparel. It operates through the Athletic Stores and Direct-to-Customers segments. The Athletic Stores segment sells athletic footwear and apparel under the Foot Locker, Lady Foot Locker, SIX:02, Kids Foot Locker, Champs Sports, Footaction, Runners Point, and Sidestep brands. The Direct-to-Customers segment includes Footlocker.com, Inc., Eastbay, Inc., and international electronic commerce businesses.