Evercore ISI sees significant upside potential for Foot Locker, anticipating the strongest industry support for multi-brand athletic retail in a decade. The firm suggests Foot Locker is chasing demand again, potentially driving a 2H SSS improvement.
Foot Locker CEO, Mary Dillon, praises Cindy Carlisle's expertise in HR and business strategy, stating it will be a key asset for their Lace Up Plan and future growth.
RECAP Investors closely watched Federal Reserve President Jerome Powell Tuesday as he spoke before the Senate Banking Committee, the first of a two-day stint before Senators and House Representatives. Fielding questions about mergers and monetary policy, Powell said there would likely be rate cuts this year and that service inflation would have to come down, but no recession was coming. Markets climbed cautiously while watching Powell...
CFRA analyst Zachary Warring downgraded Foot Locker stock to strong sell from sell, citing an 'extreme' valuation after its recent doubling. He also noted the company's inconsistency in growing top- or bottom-line in the new retail environment.
Analysts opine that the company's Q4 performance met high expectations, but the future outlook is significantly below consensus. The expected improvement is in the latter half of 2024, with no immediate enhancement. The strategy of fewer, but larger and more productive stores, is deemed right despite near-term pain.
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专栏Wall Street Today | Market Watches FedSpeak with Bated Breath
Investors closely watched Federal Reserve President Jerome Powell Tuesday as he spoke before the Senate Banking Committee, the first of a two-day stint before Senators and House Representatives. Fielding questions about mergers and monetary policy, Powell said there would likely be rate cuts this year and that service inflation would have to come down, but no recession was coming.
Markets climbed cautiously while watching Powell...
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