BofA analyst Lorraine Hutchinson is moving to No Rating on Foot Locker (FL) following the announcement that the company agreed to be acquired by Dick’s Sporting Goods (DKS). Given the deal news, shares are no longer trading on Foot Locker’s fundamentals, the firm says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FL:
- Foot Locker’s Acquisition by Dick’s Sporting Goods: Strategic Benefits Amidst Challenges and Uncertainties
- Cautious Hold on Foot Locker Amid Acquisition Prospects and Operational Challenges
- Foot Locker price target raised to $24 from $20 at Citi
- Dick’s Sporting price target lowered to $217 from $223 at Barclays
- Foot Locker downgraded to Equal Weight from Overweight at Barclays
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue