Susquehanna Downgrades Foot Locker Inc (FL) to Hold


Foot Locker Inc (FL) received a Hold rating and a $39 price target from Susquehanna analyst Sam Poser today. The company’s shares closed last Monday at $34, close to its 52-week low of $33.75.

According to TipRanks.com, Poser is a 3-star analyst with an average return of 1.1% and a 45.5% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

Currently, the analyst consensus on Foot Locker Inc is a Moderate Buy with an average price target of $51.58, which is a 39.4% upside from current levels. In a report issued on August 19, Piper Jaffray also maintained a Hold rating on the stock with a $41 price target.

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The company has a one-year high of $68 and a one-year low of $33.75. Currently, Foot Locker Inc has an average volume of 4.02M.

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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.

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