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Fly News Breaks for May 25, 2018
NKE, FL
May 25, 2018 | 13:46 EDT
Jefferies analyst Randal Konik raised his price target on Foot Locker (FL) shares to $65 after the company's Q1 report, which he believes shows the business is reaching an inflection point. Konik, who said Nike (NKE) share gains are helping Foot Locker and noted that the retailer's inventories were well controlled, keeps a Buy rating on Foot Locker shares.
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