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.
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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