Foot Locker: Upside Attractive If Macro Conditions Recover
FLFoot Locker(FL) Seeking Alpha·2024-01-27 14:29

Justin Sullivan Investment overview I give Foot Locker (NYSE:FL) a buy rating as I expect FL to see growth recovery over the next 2 years as the macro conditions turn better. The problem is timing the purchase because I expect 4Q23 to be weak, and the exact timing of growth recovery is hard to call out at this point. The less risky investment move here is probably to buy a small amount and size up accordingly when FL reports better growth and demand conditions. Business description FL is a major retailer th ...