Williams Trading analyst Sam Poser upgraded Foot Locker (www.tipranks.com/stocks/fl’ target= ‘_blank’; rel=’nofollow’>FL) to Hold from Sell with a price target of $21, up from $17. In the near term, the product mix, which includes improving assortments of New Balance, Asics, Saucony (WWW), Hoka (DECK), Adidas (ADDYY), On (ONON) and a few other should be enough to offset diminishing Nike (NKE) product allocations, the analyst tells investors in a preview of the Q3 earnings report due on Wednesday, December 4.
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Read More on FL:
- Foot Locker target lowered to $32, added to ‘Top 5 Outperformers’ at Evercore
- Foot Locker initiated with a Buy at Needham
- Foot Locker price target lowered to $27 from $28 at JPMorgan
- Foot Locker call volume above normal and directionally bullish
- Foot Locker Q3 report to be positive share catalyst, says Citi
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
