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Cross-related business trends of one company often help other companies in their food chain. This definitely can be true in the world of retail and apparel, particularly in an age in which the retail apocalypse seems to have been sped up by years thanks to COVID-19.
According to BofA Securities, Foot Locker Inc. (NYSE: FL) should see its recovery continue. The firm raised its rating in a two-notch upgrade to Buy from Underperform and it lifted its price objective to $50 from $20. If the firm’s Robert F. Ohmes and Alexander Perry are correct, then Foot Locker just went from having over 40% potential downside to having almost 35% in potential total return upside, if its dividend is included.
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The BofA team specified that Nike Inc. (NYSE: NKE) product cycles are positioning Foot Locker well for the coming holiday sales trends. In fact, the
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A recent KB Home project in California
Photo by Eric- AP LLC
Headquarters: New York
Regional President: Kamini Lane
Top Agents: Chris Cortazzo, Sally Foster Jones, Aaron Kirman
Just five years after entering the Los Angeles market, Compass is the largest residential brokerage firm in L.A.
Compass’ growth has been driven in part by big deals, including the 2019 acquisitions of Patterson Realty Inc. and Central Coast Realty Group and the 2018 purchases of Pacific Union International Inc. and Paragon Real Estate. Pacific Union had acquired Partners Trust in 2017 and John Aaroe Group Inc. in 2016.
Compass generated $12.6 billion of sales volume in 2019, up from $8.4 billion the year before, and ranked No. 1 on the Business Journal’s most recent list of residential brokerage firms.
While the company experienced a slowdown when Covid-19 first hit, it has regained its footing.
“This year for