Foot Locker (FL) Receives a Hold from Morgan Stanley

Morgan Stanley analyst Alexandra Straton maintained a Hold rating on Foot Locker (FL – Research Report) today and set a price target of $24.00. The company’s shares closed yesterday at $23.72.

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According to TipRanks, Straton is a 4-star analyst with an average return of 5.7% and a 59.89% success rate. Straton covers the Consumer Cyclical sector, focusing on stocks such as On Holding AG, Foot Locker, and Lululemon Athletica.

Currently, the analyst consensus on Foot Locker is a Hold with an average price target of $21.25, a -10.41% downside from current levels. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $24.00 price target.

Based on Foot Locker’s latest earnings release for the quarter ending February 1, the company reported a quarterly revenue of $2.25 billion and a net profit of $49 million. In comparison, last year the company earned a revenue of $2.38 billion and had a GAAP net loss of $389 million