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Foot Locker (FL) is higher after an upgrade from Credit Suisse to "outperform" from "neutral"

Shares of Foot Locker, Inc. (NYSE: FL ) have been on an uptrend so far this year . Since Mary Dillon took over as CEO in September, the company’s relationship with Nike Inc (NYSE: NKE ) has improved, according to Credit Suisse. The Foot Locker Analyst: Michael Binetti upgraded the rating for Foot Locker from Neutral to Outperform, while … Full story available on Benzinga.com

This report was sent to Briefing.com subscribers earlier today. Research calls posted earlier this morning are available here. Upgrades: > Canadian Tire Corporation (CDNAF) upgraded to Outperform from Market Perform at BMO Capital Markets > First Interstate Bancsystem (FIBK) upgraded to Overweight from Equal-Weight at Stephens; tgt lowered to $43 > Foot Locker (FL) upgraded […]

Foot Locker (FL) stock rose sharply on Wednesday after Credit Suisse raised its forecasts for the footwear retailer.

Snap, Hasbro and Funko were all downgraded Wednesday, while Foot Locker was upgraded by Credit Suisse.

Foot Locker with ticker code (FL) now have 19 analysts covering the stock. The analyst consensus points to a rating of ''Hold''. The target price ranges between 47 and 31 and has a mean target at 38.47. Now with the previous closing price of 39.19 this is indicating there is a potential downside of -1.8%. The 50 day MA is 33.44 while the 200 day moving average is 31.66. The company has a market cap of $3,589m. Find out more information at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,523m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

Kanye West watches the first half of an NBA basketball game between the Washington Wizards and the Los Angeles Lakers in Los Angeles on March 11, 2022. Ye, the rapper and designer formerly known as Kanye West, was suspended from Twitter Thursday after posting an image of a swastika inside the Star of David on the social media platform. Ashley Landis, Associated Press Ye, the rapper and designer formerly known as Kanye West, was suspended from Twitter Thursday after posting an image of a swastika inside the Star of David on the social media platform. The Guardian reports that Elon Musk said he suspended West’s account for violating Twitter’s rule “against incitement to violence.” This new suspension comes just after he was blocked by Instagram and lashed out against Jewish people on Twitter, per The New York Times . How long will Ye’s Twitter account be suspended? According to The Washington Post , it is currently not clear how long the account will be suspended. Related Kanye West says ‘I like Hitler’ during Alex Jones interview Why Adidas is cutting ties with Kanye West Twitter restricted Ye’s account after a different antisemitic post back in October, but Ye’s account was reinstated less than 24 hours after Musk restored other accounts that had been suspended last month, including the account of former President Donald Trump , per CBS News.

The share price of Foot Locker Inc. (NYSE:FL) fell to $39.17 per share on Thursday from $39.80. While Foot Locker Inc. has underperformed by -1.58%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FL fell by -12.16%, with highs and lows ranging from $48.01 to $23.85, […]

Foot Locker Inc (NYSE: FL ) Chief Financial Officer Andrew Page will step down after the fourth quarter 2022 earnings report to pursue other opportunities. The company has initiated a comprehensive search, with the assistance of an executive recruiting firm, to identify his … Full story available on Benzinga.com

The Nasdaq jumped by more than 200 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. NVIDIA The Trade: NVIDIA Corporation (NASDAQ: NVDA ) Director Mark A Stevens sold a total of 85,000 shares … Full story available on Benzinga.com

Nike announced new terms to try to even the playing field for all customers to buy its limited-edition shoes. Meanwhile, Foot Locker owns a stake in a prominent reseller.

Foot Locker found using ticker (FL) now have 18 analysts covering the stock with the consensus suggesting a rating of ''Hold''. The range between the high target price and low target price is between 47 and 29 and has a mean target at 38.33. Given that the stocks previous close was at 31.84 this now indicates there is a potential upside of 20.4%. The 50 day moving average now sits at 33.88 and the 200 moving average now moves to 33.77. The market cap for the company is $3,011m. Visit the company website at: https://www.footlocker-inc.com [stock_market_widget type="chart" template="basic" color="green" assets="FL" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $3,625m based on the market concensus. Foot Locker, through its subsidiaries, operates as an athletic footwear and apparel retailer. The company engages in the retail of athletic footwear, apparel, accessories, equipment, and team licensed merchandise under the Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Eastbay, atmos, WSS, Footaction, and Sidestep brand names.

Foot Locker has turned bearish over the past month

The Nasdaq Composite dropped by over 300 points on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity to go short on the stock. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision. Below is a look at a few recent notable insider sales. For more, check out Benzinga''s insider transactions platform. Foot Locker The Trade: Foot Locker, Inc. (NYSE: FL ) 10% owner Daniel Kretinsky … Full story available on Benzinga.com