Foot Locker Inc. (NYSE: FL) stock enjoyed a major increase of 10.3% on 12/1/23. The shares closed at $29.71. Moreover, trading volume in this advance was above average at 139% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 32.1% during the last week.
Current PriceTarget Research Rating
FL is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Foot Locker has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Foot Locker has a good Appreciation Score of 84 but a very low Power Rating of 13, leading to the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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