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Fly News Breaks for May 19, 2017
FL
May 19, 2017 | 09:11 EDT
Citi analyst Kate McShane views today's post-earnings selloff in shares of Foot Locker as a buying opportunity. The quarter, as previously indicated, was negatively impacted by a slow start to the year and delayed tax refund checks in February, McShane tells investors in a research note. She continues to see market share gains for Foot Locker and keeps a Buy rating on the shares with a $92 price target.
News For FL From the Last 2 Days
FL
May 22, 2017 | 07:26 EDT
Canaccord analyst Camilo Lyon lowered his price target on Foot Locker (FL) to $75 from $87 following disappointing Q1 results. The analyst said Q2 comps are expected to be weaker than Q1 as the guidance speaks to a product innovation lull from Nike (NKE) that is weighing on Foot locker's business. Lyon believes the lull is a short-term blip and the second half will see a rebound. Lyon maintained his Buy rating on Foot Locker shares.
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