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.
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