FOOt Locker target raised to $64 at Pivotal Research Group; 1Q Illustrates that FL’s Performance is Beginning to Turn - Pivotal
Pivotal Research Group raises their FL tgt to $64 from $57, reiterates Buy Rating. The firm believes the turn means improvement in FL's performance, and, more specifically, it means an improving product pipeline, less pressure from down-trending franchises and margin recover on cleaner inventory. The firm expects this turn to become even more evident as the year progresses and believe the shares will push higher as a result