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Fly News Breaks for August 21, 2017
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
Nov 25, 2020 | 07:03 EST
Barclays analyst Adrienne Yih raised the firm's price target on Dick's Sporting Goods to $80 from $70 and keeps an Overweight rating on the shares following the company's Q3 results. The analyst views Dick's as a "hedged recovery play" for 2021. The company has benefited from the strength in outdoor and athletic pursuits, sports equipment purchases, and a focus on fitness. Yih tells investors in a research note.