- Goldman Sachs downgrades Foot Locker (FL -6.1%) to a Sell rating from Neutral.
- The investment firm assigns a $47 price target on shares.
- There's been some concern in the shoe industry that peak margins on basketball shoes could be at risk.
- That development isn't news to Finish Line (FINL -1.6%) which cited bball shoe pricing pressure last month as a factor in its guidance cut.
Goldman Sachs warns on basketball shoe margins
Recommended For You
More Trending News
About FL Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
FL | - | - |
Foot Locker, Inc. |