Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of athletic apparel retailer Foot Locker
So what: It's a double dose of good news: The NBA will actually play a season this year after coming to terms with its players' union, and Foot Locker's Black Friday sales came in strong. Analysts at UBS upgraded the stock to a buy with a $42 price target in light of this double whammy.
Now what: The stock is not far away from five-year highs, yet remains a far deeper value than rivals Dick's Sporting Goods
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