Sterne Agee Assigns Buy On Foot Locker Shares, Raises PT To $65


In a research report issued today, Sterne Agee analyst Sam Poser assigned a Buy rating on Foot Locker Inc (NYSE:FL) with a price target of $65.00.

Poser explained, “FL is the best in class athletic specialty retailer. Ever improving execution and product mix are resulting in market share gains in brick & mortar as well as on line. 2H14 guidance is conservative. Even with the run-up in the stock, FL is still relatively inexpensive, trading at 7x our FY15 EBITDA estimate. Raising FY14/15 EPS estimates from $3.33/$3.76 to $3.46/$3.84, and introducing FY16 EPS estimate of $4.33. Raising PT from $60 to $65.”

According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Sam Poser has a total average return of 21.5% and a 77.2% success rate. Poser is ranked #24 out of 3245 analysts.

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