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0.000187322256722214 0.0026471094662072 0.00132260866109992 -0.000947964147655359 -0.00567832416589563 -0.0136253289965393 -0.014760615400917 -0.01324690019508
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Foot Locker gains after Pivotal Research points to upside [Seeking Alpha]

FOOT LOCKER (FL)  More Company Research Source: Seeking Alpha
Last foot locker earnings: 3/2 06:45 am Check Earnings Report
PDF Foot Locker gains after Pivotal Research points to upsidePivotal Research analyst Mitch Kummetz thinks Foot Locker (FL+1.2%) sits in a better position than many of its retail peers from the ongoing shift of sales from stores to digital channels.On an important note, Kummetz points out that Foot Locker doesn't have too much overlap with Amazon and Nike still considers the chain a key partner. "While NKE is more important to FL than FL is to NKE, by being NKE’s largest customer and the largest customer of most athletic footwear brands, FL gets the best allocations, and that puts FL in a position of relative strength," he writes.Foot Locker is rated by Pivotal Research as a new Buy and assigned a price target of $65 (12X the weighted FY18/FY19 EPS estimate). The PT reps ~23% upside for Foot Locker shares.See all stocks on the move »Now read:Foot Locker: Between Value And Industry Headwinds » [Read more]

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