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Citigroup Increases Price Target for Foot Locker (FL)

Citigroup has raised estimates for shoe retailer, Foot Locker, Inc.( FL ) Monday.

The firm reported that they have increased FL's estimates through 2014. They have given the company a rating of "Buy," and a price target of $41. This price target suggests a 19% increase over the stock's current price of $33.27.

Increased estimates are due to the company's continuous production of high quality products.

Foot Locker shares were mostly flat during premarket trading Monday.

The Bottom Line

Shares of Foot Locker ( FL ) have a 2.16% dividend yield, based on Friday's closing stock price of $33.27. The stock has technical support in the $29-$30 price area. The stock is trading near the all-time high range of $36-$37 a share.

Foot Locker, Inc.( FL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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