Chart of the Day - Footlocker (FL)

The "Chart of the Day" is Footlocker (FL), which showed up on Tuesday's Barchart "All-Time High" list. Footlocker on Tuesday posted a new all-time high and closed up 2.16%. TrendSpotter has been long since July 6 at $31.31. In recent news on the stock, Morgan Stanley on July 20 initiated coverage on Footlocker with an Equal Weight. However, Deutschebank on May 29 upgraded Footlocker to a Buy from Hold and raised its target to $38 from $32 citing the company's execution and strength in the athletic footwear cycle. Citigroup on May 18 reiterated its Buy rating and raised its target to $40 from $36 following the company's Q1 results. Footlocker, with a market cap of $5 billion, is a leading global retailer operating primarily mall-based stores in North America, Europe, Asia and Australia.