Foot Locker (FL) is Upgraded by BofA/Merrill to Neutral

Foot Locker (FL) is Upgraded by BofA/Merrill to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Underperform on the company shares. The shares recommendation by the Brokerage Firm was released on Dec-22-2015.

Shares of Foot Locker, Inc. (NYSE:FL) ended Thursday session in red amid volatile trading. The shares closed down 1.07 points or 1.64% at $64.01 with 1,741,452 shares getting traded. Post opening the session at $65.55, the shares hit an intraday low of $63.98 and an intraday high of $66.32 and the price vacillated in this range throughout the day. The company has a market cap of $8,786 million and the number of outstanding shares has been calculated to be 137,261,730 shares. The 52-week high of Foot Locker, Inc. (NYSE:FL) is $77.25 and the 52-week low is $51.12.

During the last several months other analysts have commented on the company rating. BB&T Capital initiates coverage on Foot Locker, Inc. (NYSE:FL) . Analysts at the BB&T Capital have a current rating of Buy on the shares. The rating by the firm was issued on December 4, 2015.

Foot Locker, Inc. (NYSE:FL) has received a short term rating of buy from research analysts at Zacks with a rank of 2. The company has been rated an average of 1.76 by 17 Wall Street Analysts. 11 analysts have added the shares in their list of strong buys. 5 broker firms have advised hold. A sell call was initiated by 1 analysts.

Foot Locker, Inc. (NYSE:FL): The stock price is expected to reach $ 76.88 in the short term. The number of analysts agreeing with this consensus is 16. The higher estimate for the short term price target is at $99 while the lower estimate is at $58. The standard deviation of the price stands at $9.43.

Foot Locker, Inc. has dropped 4.56% in the last five trading days, however, the shares have posted positive gains of 7.58% in the last 4 weeks. Foot Locker, Inc. has dropped 12.41% during the last 3-month period . Year-to-Date the stock performance stands at 15.69%.

Foot Locker, Inc. is a global retailer of athletic shoes and apparel. As of August 02, 2014, the Company operated 3,460 stores, including 74 franchised stores. The Company operates in two segments. The Athletic Stores segment is an athletic footwear and apparel retailer whose formats include Foot Locker, Lady Foot Locker, Kids Foot Locker, Champs Sports, Footaction and SIX:02, as well as the retail stores of Runners Point Group, including Runners Point, Sidestep and Run2. The Direct-to-Customers segment operates the websites for eastbay.com, final-score.com, eastbayteamsales.com, ccs.com, as well as websites aligned with the brand names of its store banners (footlocker.com, ladyfootlocker.com, kidsfootlocker.com, champssports.com, footaction.com, and six02.com). Additionally, this segment includes the direct-to-customer subsidiary of Runners Point Group, which operates the websites for runnerspoint.com, sidestep-shoes.com, and sp24.com.