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Foot Locker, Inc. Message Board

  • jdooed jdooed Feb 11, 2013 8:47 PM Flag

    Analysts at RW Baird began coverage of footwear retailers Foot Locker (FL), Feb.5, with a Buy rating

    As analysts Mitch Kummetz and Corbin Weyer write:

    The athletic specialty retailers (FINL and FL) have been the biggest beneficiaries in the recent cycle – we attribute their outperformance to both the relative strength in footwear over apparel (footwear bigger mix at these retailers), and the general repositioning of the two companies (e.g., renewed focus on product, brands, inventories)…Given FL‟s leadership position in basketball, the company is in a strong position to benefit from the more recent strength in the category.

    They set a $45 price target for Foot Locke

    Sentiment: Buy

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