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Goldman Sachs warns on basketball shoe margins

Jan. 14, 2015 10:21 AM ETFoot Locker, Inc. (FL) StockFL, FINLBy: Clark Schultz, SA News Editor
  • 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.

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