GBA's Big Play of the Week Is Foot Locker-
Regular stock & options.--
A ways back my son wanted a new pair of Nike sneakers. It was a very up to date KD model I believe and they quickly sold out at the Nike online shop. Wasn't i surprised to find them available at Foot Locker-! I had thought they lost that contract.
GBA LOVES DANA TELSEY!
We have been fans for many many years of Dana's work. Now she has her own firm!
To qualify for the Option King and his 'System' we must have a feeling of good news coming....
Foot Locker upgraded to Outperform from Market Perform at Telsey Advisory 05:15 FL Telsey Advisory analyst Cristina Fernandez upgraded Foot Locker to Outperform from Market Perform with a price target of $50, up from $39. The analyst believes Monday's investor day could serve as a catalyst for the stock, with new CEO Mary Dillon outlining a transformation plan and financial objectives. Dillon has made changes to the leadership team and simplified the business by exiting international operations, while focusing on the core Foot Locker and Champs banners, the analyst tells investors in a research note.
Foot Locker initiated with a Buy at BTIG 02/06 FL, NKE BTIG analyst Janine Stichter initiated coverage of Foot Locker (FL) with a Buy rating and $55 price target. The analyst believes that the company's new CEO Mary Dillon could be a "catalyst for change" and comes at a critical juncture as Foot Locker accelerates its assortment diversification efforts to offset reduced allocations from Nike (NKE). While Foot Locker faces some near-term bumpiness, the new leadership should make it a healthier, more nimble company with access to a broader customer base, the firm tells investors in a research note.