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FL

Foot Locker

$51.09

-0.95 (-1.83%)

10:15
06/19/17
06/19
10:15
06/19/17
10:15

Foot Locker put volume heavy and directionally bearish

Bearish flow noted in Foot Locker with 1,237 puts trading, or 3x expected. Most active are Jul-17 50 puts and Nov-17 45 calls, with total volume in those strikes near 1,200 contracts. The Put/Call Ratio is 2.39, while ATM IV is up nearly 2 points on the day. Earnings are expected on August 18th.

FL Foot Locker
$51.09

-0.95 (-1.83%)

06/05/17
COWN
06/05/17
NO CHANGE
Target $62
COWN
Market Perform
Foot Locker muted growth prospects heightens risk, says Cowen
Cowen analyst John Kernan said Foot Locker's downside is cushioned by its cheaper valuation but its price reflects the company's muted growth prospects and heightened risks if store productivity and operating margins have peaked. Kernan reiterated his Market Perform rating and lowered his price target to $62 from $64 on Foot Locker shares.
06/12/17
STPT
06/12/17
INITIATION
Target $66
STPT
Buy
Foot Locker initiated with a Buy at Standpoint Research
Standpoint Research analyst Ronnie Moas started Foot Locker with a Buy rating and $66 price target.
06/13/17
ARGS
06/13/17
DOWNGRADE
ARGS
Hold
Foot Locker downgraded to Hold from Buy at Argus
Argus analyst John Staszak downgraded Foot Locker (FL) based on weakening demand for Nike (NKE) footwear. The analyst says that Nike footwear generates more than two-thirds of Foot Locker's revenue, and he thinks that the retailer will have difficulty reaching 5% comp sales growth in the second half of fiscal 2018.
06/13/17
06/13/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Foot Locker (FL) downgraded to Hold from Buy at Argus with analyst John Staszak citing weakening demand for Nike (NKE) footwear. 2. Sonic (SONC) downgraded to Underperform from Buy at BofA/Merrill with analyst Gregory Francfort downgrading Sonic two notches to Underperform from Buy and raising its price target to $30 from $27 while saying the downgrade is not a call on the quarter and sees limited downside to the third quarter and fourth quarter. 3. Shopify (SHOP) downgraded to Neutral from Buy at Goldman Sachs with analyst Jesse Hulsing saying the risk/reward is balanced with the shares up 105% since his upgrade on October 4, 2016. The analyst keeps a $96 price target for the stock. 4. Consolidated Edison (ED) downgraded to Hold from Buy at Jefferies with analyst Anthony Crowdell saying he views the shares as fairly valued following the recent rally and lowered his estimates to reflect a higher share count. 5. Zoetis (ZTS) downgraded on valuation at BMO Capital with analyst Alex Arfaei citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

NHYDY

Norsk Hydro

$7.60

-0.16 (-2.06%)

07:43
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FAST

Fastenal

$55.44

-0.15 (-0.27%)

07:43
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Earnings
Fastenal reports Q4 EPS 45c ex-tax benefit, consensus 45c »

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  • 17

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LBTYA

Liberty Global

$36.56

-0.31 (-0.84%)

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Liberty Global rating change  »

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

, CELG

Celgene

$104.82

-1.18 (-1.11%)

07:42
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Recommendations
Juno Therapeutics, Celgene analyst commentary  »

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JUNO

Juno Therapeutics

$45.60

-3.15 (-6.46%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

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GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:42
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01/17
07:42
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Hot Stocks
Goldman CEO: Global economy poised to accelerate, tax reform providing tailwinds »

"Last year, we…

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  • 17

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ONTX

Onconova

$1.74

-0.0901 (-4.92%)

07:42
01/17/18
01/17
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Hot Stocks
Onconova increases sample size in Phase 3 INSPIRE pivotal trial in MDS »

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HALO

Halozyme

$19.74

-0.62 (-3.05%)

07:41
01/17/18
01/17
07:41
01/17/18
07:41
Technical Analysis
Technical Take: Halozyme drops in pre-market »

Shares were last down…

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  • 18

    Jan

07:41
01/17/18
01/17
07:41
01/17/18
07:41
Conference/Events
UBS oil services analyst holds an analyst/industry conference call »

Oil Services Analyst Wong…

GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:41
01/17/18
01/17
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07:41
Hot Stocks
Goldman Sachs reports Basel III CET1 ratio of 10.9% at December 31 »

The firm's…

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  • 17

    Jan

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    Jan

C

Citi

$77.11

0.27 (0.35%)

07:40
01/17/18
01/17
07:40
01/17/18
07:40
Recommendations
Citi analyst commentary  »

Citi price target raised…

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  • 18

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GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:38
01/17/18
01/17
07:38
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07:38
Hot Stocks
Goldman Sachs reports Q4 net revenue in FICC sales & trading $1B »

Net revenues in…

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  • 17

    Jan

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    Jan

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    Jan

SIG

Signet Jewelers

$56.79

-0.15 (-0.26%)

07:38
01/17/18
01/17
07:38
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07:38
Periodicals
U.S. judge excludes 70,000 women from Sterling Jewelers lawsuit, Reuters says »

A U.S. judge has excluded…

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  • 23

    Jan

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    Jan

GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:37
01/17/18
01/17
07:37
01/17/18
07:37
Hot Stocks
Breaking Hot Stocks news story on Goldman Sachs »

Goldman Sachs says…

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  • 17

    Jan

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    Jan

GG

Goldcorp

$15.39

1.04 (7.25%)

07:37
01/17/18
01/17
07:37
01/17/18
07:37
Downgrade
Goldcorp rating change  »

Goldcorp downgraded to…

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  • 15

    Feb

GS

Goldman Sachs

$258.46

1.43 (0.56%)

07:36
01/17/18
01/17
07:36
01/17/18
07:36
Earnings
Goldman Sachs reports Q4 EPS $5.68 ex Tax Legislation, consensus $4.92 »

Reports Q4 revenue…

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  • 17

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    Jan

UNH

UnitedHealth

$232.90

4.26 (1.86%)

07:36
01/17/18
01/17
07:36
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07:36
Recommendations
UnitedHealth analyst commentary  »

UnitedHealth price target…

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EGHT

8x8, Inc.

$15.30

0.05 (0.33%)

, RNG

RingCentral

$50.65

-1.7 (-3.25%)

07:36
01/17/18
01/17
07:36
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07:36
Upgrade
8x8, Inc., RingCentral rating change  »

8x8, Inc. upgraded to…

EGHT

8x8, Inc.

$15.30

0.05 (0.33%)

RNG

RingCentral

$50.65

-1.7 (-3.25%)

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  • 17

    Jan

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ORCL

Oracle

$49.59

0.08 (0.16%)

, PBR

Petrobras

$11.70

0.23 (2.01%)

07:35
01/17/18
01/17
07:35
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07:35
Options
Unusual call flow in option market yesterday »

Notable call activity was…

ORCL

Oracle

$49.59

0.08 (0.16%)

PBR

Petrobras

$11.70

0.23 (2.01%)

AMAT

Applied Materials

$54.50

1.05 (1.96%)

CELG

Celgene

$104.82

-1.18 (-1.11%)

KMI

Kinder Morgan

$19.39

-0.13 (-0.67%)

KODK

Kodak

$8.50

-0.7 (-7.61%)

MGM

MGM Resorts

$36.03

1 (2.85%)

PX

Praxair

$162.10

-2.05 (-1.25%)

PVG

Pretium Resources

$11.65

0.5 (4.48%)

PAAS

Pan American Silver

$17.24

0.58 (3.48%)

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  • 17

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    Jan

  • 16

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    Mar

07:35
01/17/18
01/17
07:35
01/17/18
07:35
General news
U.S. MBA mortgage market index rose 4.1% »

U.S. MBA mortgage market…

07:33
01/17/18
01/17
07:33
01/17/18
07:33
Conference/Events
Federal Reserve Bank of Cleveland President speaks on monetary policy »

Cleveland Federal Reserve…

SBBP

Strongbridge Biopharma

$8.35

0.35 (4.38%)

, AEZS

Aeterna Zentaris

$2.07

-0.0999 (-4.60%)

07:33
01/17/18
01/17
07:33
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07:33
Conference/Events
Strongbridge Biopharma to host conference call »

Conference call to…

SBBP

Strongbridge Biopharma

$8.35

0.35 (4.38%)

AEZS

Aeterna Zentaris

$2.07

-0.0999 (-4.60%)

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  • 17

    Jan

XRAY

Dentsply Sirona

$65.65

-0.14 (-0.21%)

07:32
01/17/18
01/17
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07:32
Hot Stocks
Dentsply Sirona appoints Donald Casey Jr. as CEO »

Dentsply Sirona announced…

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07:31
01/17/18
01/17
07:31
01/17/18
07:31
Conference/Events
Federal Reserve Bank of Dallas President participates in a discussion »

Dallas Federal Reserve…

LCII

LCI Industries

$123.65

-2.75 (-2.18%)

07:31
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01/17
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07:31
Hot Stocks
LCI Industries to acquire Taylor Made Group, terms not disclosed »

LCI Industries announced…

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CNHI

CNH Industrial

$14.72

-0.21 (-1.41%)

07:31
01/17/18
01/17
07:31
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07:31
Initiation
CNH Industrial initiated  »

CNH Industrial initiated…

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