Information Provided By:
Fly News Breaks for August 21, 2017
DKS, FL
Aug 21, 2017 | 07:59 EDT
After Foot Locker reported weaker than expected results and predicted its SSS would fall 3%-4% for the rest of the year, Citi analyst Kate McShane says that its "global reach and scale" should give it "some protection from vendors changing their allocation strategy," while its inventory situation is superior to that of athletic apparel retailers. She adds that interest in sneakers remains high, and she thinks that the company's comp trends in Q4 and fiscal 2018 could exceed expectations. The analyst thinks that the stock has reached "very attractive levels," and she says it's in a better position than Dick's Sporting (DKS) which she downgraded last Tuesday.
News For FL;DKS From the Last 2 Days
FL
Mar 28, 2024 | 15:22 EDT
What has Wall Street been buzzing about this week? Here are the top 5 Bu-y calls and the top 5 Sell calls made by Wall Street’s best analysts during the week of March 25-28. Find all top-rated... To see the rest of the story go to thefly.com. See Story Here