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Stock Market & Financial Investment News

News Breaks
June 12, 2014
08:18 EDTDKS, FLFoot Locker, Dick's in position to benefit from World Cup, says Janney Capital
Janney Capital believes that while neither Foot Locker (FL) nor Dick’s Sporting Goods (DKS) have direct Latin American exposure, both can benefit from the halo effect of the World Cup, with the firm noting Foot Locker's European exposure makes it particularly well positioned among the athletic retailers that the firm covers. Janney has Buy ratings on both Foot Locker and Dick's.
News For FL;DKS From The Last 14 Days
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February 5, 2016
08:26 EDTFLFoot Locker coverage assumed with a Neutral at Credit Suisse
Target $70.
January 27, 2016
11:20 EDTDKSBed Bath & Beyond slips after Citi, Keybanc both say sell
Home goods retailer Bed Bath & Beyond (BBBY) is declining in late morning trading after being downgraded to Sell-equivalent ratings at both Keybanc and Citi. WHAT'S NEW: KeyBanc analyst Bradley Thomas downgraded Bed Bath & Beyond to Underweight from Sector Weight after his firm's work on housing showed growth has slowed. The analyst noted that the home furnishings sector is growing increasingly competitive, and he took a more cautious view on Hardline retailers whose growth is predicated primarily on same-store sales. Thomas kept a $35 price target on shares of Bed Bath & Beyond. Citi analyst Kate McShane downgraded Bed Bath & Beyond to Sell from Neutral on expectations the retailer's earnings will continue to decline over the next two years. McShane also noted that competition in home furnishings remains intense, while Bed Bath's e-commerce operations continue to be unprofitable. McShane cut her price target for the shares to $37 from $51. OTHERS TO WATCH: The analysts, in their respective notes, also opined on Bed Bath & Beyond's peers. Keybanc's Thomas downgraded Haverty Furniture (HVT) and Pier 1 Imports (PIR) to Sector Weight from Overweight. Meanwhile, Citi's McShane recommended a pair trade of long Dick's Sporting Goods (DKS), which the firm is Overweight on due to valuation, and short Bed Bath & Beyond. PRICE ACTION: Shares of Bed Bath & Beyond are down 1.6% to $43.34, while Haverty Furniture and Pier 1 Imports are down 3.8% and 3.9%, respectively. Dick's Sporting Goods, meanwhile, is down 0.7% to $37.84.
06:46 EDTDKSBed Bath & Beyond downgraded to Sell from Neutral at Citi
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January 26, 2016
06:30 EDTFLFoot Locker added to US 1 List at BofA/Merrill
BofA/Merrill added Foot Locker (FL) to the US 1 List and said Nike's (NKE) innovation in casual athletic should support solid comps. Additionally, Foot Locker will likely receive favorable allocations from Nike given Under Armour's focus and momentum in the mall channel.

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