NKE - What's Going On With Foot Locker Stock Thursday? | Benzinga
Foot Locker Inc (NYSE: FL) shares have been volatile in today’s trade after Goldman Sachs analyst Kate McShane downgraded the stock to Sell from Neutral with a maintained price target of $18.
The analyst is bearish on the stock as the repositioning of the Champs Sports brand is expected to continue to weigh on the comparables and believes FL’s market share position will be difficult to stabilize following the allocation changes by Nike Inc (NYSE: NKE).
Also, the analyst notes deterioration in investor sentiment related to several retail companies on concerns related ...