Fly News Breaks for May 19, 2017
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
Nov 20, 2017 | 05:03 EDT
Citi analyst Kate McShane raised her price target for Foot Locker shares to $47 saying she's still a buyer after Friday's big post-earnings rally. The stock reaction Friday demonstrates how overdone the negative sentiment towards the had become, McShane tells investors in a research note. The analyst thinks the stock is still "cheap" and keeps a Buy rating on the name.